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- LoopNet Team
3900 N FM 1788
Midland, TX 79707
Caliche Pit, Water Production, Hwy Frontage · Land For Sale
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161.69 AC
Investment Highlights
- One-of-a-kind mixed-use and/or industrial opportunities on 161 acres of land capable of producing 50,000 barrels of fresh water daily.
- Benefit from high visibility with over 100 feet of FM 1788 and SH 349 frontage, with a daily traffic count of 25,000 vehicles daily.
- 55-acre developed caliche reserve with an estimated 3.1 million tons of TXDOT spec material sits on the lot for heavy highway work.
- 40 producing water wells were placed in service in 2019, with a hydrology report confirming an annual capability of 17.5 to 21 million barrels.
- Experience single primary meter electricity with no delivery charges and access to the City of Midland Water Line along the property line.
- Centrally positioned between Midland and Odessa, just a short drive to the Midland International Airport, Zoo, and nearby amenities.
Property Facts
Description
MIXED-USE COMMERCIAL: Tracts 1 & 2 boast 1,000 feet of frontage along FM 1788 and SH 349, with approximately 12 prime commercial acres, benefiting from a daily traffic count of 30,000 vehicles. INDUSTRIAL: Tract 3 features 40 producing water wells, most of which were drilled and placed in service between 2017 and 2019. Production tests indicate a daily capacity of 50,000+ barrels, supported by a hydrology report confirming an annual capability of 17.5 to 21 million barrels. Additionally, the property includes 575,000 barrels of water storage, with water delivered to pits and neighboring sites via flat line delivery systems. Electricity is supplied via a single primary meter with overhead lines owned by the landowner, eliminating delivery charges. Hydrology report and other supporting documentation are available upon request.
