300 N Marienfeld St | Midland, TX 79701
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
300 N Marienfeld St
Midland, TX 79701
Rare 99-Year Ground Lease · Land For Sale
·
1.38 AC
Investment Highlights
- Zero-cash flow investment opportunity for membership interests in a 1.38-acre parcel of land beneath a 148,936-square-foot Class A office.
- Year one rent for the land lease is currently around $750,000, with a commencement date of March 25, 2022 and 2.5% annual escalations.
- 300 N Marienfeld Street is an architectural landmark in Downtown Midland within walking distance of Centennial Park and West Wall Street dining.
- Located in the Permian Basin, the heart of Texas Energy Country, directly along the Midland EZ Rider M3, M4, and M5 bus lines.
Property Facts
| Property Type | Land | Total Lot Size | 1.38 AC |
| Property Subtype | Commercial | ||
| Zoning | C1 - Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.38 AC |
| Zoning | C1 - Commercial |
Property Taxes
| Parcel Numbers | Improvements Assessment | $21,322,593 | |
| Land Assessment | $199,500 | Total Assessment | $21,522,093 |
Property Taxes
Parcel Numbers
Land Assessment
$199,500
Improvements Assessment
$21,322,593
Total Assessment
$21,522,093
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
