7909 Fm 1788 Midland, TX 79707

Property Details for 7909 Fm 1788

Lot size

166.50 lot acres

Property type

Commercial real estate

Description

This exceptional 166.5-acre property in Midland, Texas, presents a unique investment opportunity in the thriving Permian Basin. Priced at $10,822,500 ($65,000 per acre), this mixed-use land boasts significant infrastructure, including a substantial 1 million-barrel frac pond and over 16 water wells producing a combined 600+ gallons per minute. A 7,500-square-foot equipment shop further enhances operational capabilities. The property's strategic location offers excellent visibility and accessibility, with 1,650 feet of frontage on FM 1788 and 3,700 feet on Highway 158, experiencing combined daily traffic exceeding 6,000 vehicles. Its proximity to Midland Airport (11 miles) ensures convenient access. Proposed uses include commercial, residential, and water development ventures, catering to diverse investment interests. With an acceptable offer, two residences situated on 15 acres of the property are also included. The property's robust water infrastructure is a significant asset in the water-intensive Permian Basin operations, presenting substantial potential for expansion. This is a rare opportunity to acquire a large parcel of land with exceptional water resources and prime road frontage in a rapidly growing area.