1201 Occidental Pkwy Midland, TX 79705
- Land
Current Use by Public Records
- Land
Property Details for 1201 Occidental Pkwy
- Property type
- Land
Description
This exceptional 21-acre parcel, ideally situated at the intersection of Highway 349 and Occidental Parkway in Midland, Texas, presents a prime opportunity for multifamily development. Currently zoned and boasting an approved site plan for a 334-unit complex, this property offers immediate access to Midland's vibrant culinary and entertainment scene along Highway 349 and Loop 250. The site's strategic location benefits from the area's rapid growth, with approximately 6,000 new homes under development in the immediate vicinity. Adding to its appeal, the adjacent Lone Star Trails subdivision provides residents with nearly four miles of walking trails and numerous pocket parks. All utilities are readily accessible, ensuring a seamless and efficient development process. This ready-to-build site represents a significant investment opportunity in the thriving north Midland area, offering a compelling combination of location, infrastructure, and approved plans for a substantial multifamily project. The asking price for this exceptional property is $3,200,000. The property's address is 1201 Occidental Pkwy, Midland, TX 79705.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.089
- Latitude
- 32.0826
