Current Use by Public Records
- Bill Tift Geophysicist / Physician
- Burgundy Oil & Gas Inc / Gas Company
- Radiant Glow / Hair Salon
- Rheas Ink / Tattoo & Piercing Shop
- lightning dome protectors / Big Box & Wholesale Store
Property Details for 401 Texas Ave
- Lot size
- 0.67 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional 10-story, 108,000-square-foot commercial building in downtown Midland, Texas, offers a diverse range of spaces ideal for various businesses. Located at 401 W Texas Ave, Midland, TX 79701, this multi-tenant property boasts a minimum divisible space of 222 square feet and a maximum contiguous space of 12,800 square feet, with 87,238 square feet currently vacant. The building features two elevators, three-phase power, and is situated on a 0.67-acre lot. It's zoned for commercial use and benefits from Midland County's robust economy. The property includes updated tenant spaces and a newly installed fire suppression and sprinkler system, meeting current building codes for a variety of uses, including entertainment venues. Its prime location offers stunning views of the Bush Convention Center and Centennial Towers, and is just three minutes from the Museum of the Southwest. The building's former use as the Community National Bank headquarters provides existing banking infrastructure, including counters and safe deposit boxes. This adaptable space caters to a wide range of tenants, from traditional office users to restaurants and breweries. Midland's thriving economy, with a low unemployment rate and high average household income ($112,701), makes this a highly attractive investment opportunity. The city's projected 10% population growth in the next five years further underscores its potential. Midland's strategic location within Texas' diverse economy, coupled with competitive utility rates, creates a lucrative business environment. The city's prominence in the oil and gas industry, along with growth in aerospace, agriculture, healthcare, and transportation, ensures a strong and diverse tenant base. This property presents a unique opportunity to establish a presence in one of the fastest-growing cities in the United States.
Value Estimations
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AI approach
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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
- -102.078
- Latitude
- 31.9984
