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For LEASE or SALE 3920 W Wall St 38,530 SF of Retail Space Available in Midland, TX 79703
Highlights
- Landmark Building with Strong Local Recognition
- High-Traffic Frontage on W. Wall Street
- Excellent Redevelopment or Repurposing Opportunity
- Convenient Access with Strong Midland–Odessa Connectivity
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 38,530 SF | Negotiable | $6.00 /SF/YR $0.50 /SF/MO $231,180 /YR $19,265 /MO | Triple Net (NNN) |
1st Floor
Positioned on highly traveled W. Wall Street—one of the main corridors connecting Midland to Odessa—this iconic 38,530-square-foot commercial building offers a rare opportunity to revitalize a well-known local landmark. Formerly a thriving entertainment destination, the property was once a popular bowling alley and social hub for the Midland community. The expansive interior features 24 bowling lanes with existing equipment that could potentially be brought back to life with a tune-up and refresh. Historically, the facility also included a full bar and kitchen equipped with a vent-a-hood and grease trap, along with a pool hall area that made it a complete entertainment venue. In addition to its massive open floor plan, the building includes dedicated office space and ample storage areas to support a variety of operational needs. The property sits on a large paved parking lot, providing abundant parking for guests, staff, or customers. With its size, layout, and prime location along a major Midland–Odessa thoroughfare, the building presents endless redevelopment possibilities. It could be restored as an entertainment venue or repurposed for a wide range of uses such as climate-controlled storage, a concert or event hall, a church or special-purpose facility, or other large-scale commercial concepts. The property also includes a second building located on the north portion of the site, currently occupied by a long-term tenant within a fenced area. If the front building is leased, access to the rear of the property will be provided along the east side of the site to accommodate the existing tenant. The rear building tenant will remain in place under a long-term lease. Financial details related to this lease are available upon request.
- Lease rate does not include utilities, property expenses or building services
- Space In Need of Renovation
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 38,530 SF | Gross Leasable Area | 51,697 SF |
| Property Type | Retail | Year Built | 1957 |
| Property Subtype | Bowling Alley |
| Total Space Available | 38,530 SF |
| Property Type | Retail |
| Property Subtype | Bowling Alley |
| Gross Leasable Area | 51,697 SF |
| Year Built | 1957 |
About the Property
The property encompasses approximately 5.26 acres and features 51,697 square feet under roof at 3920 W. Wall Street in southwest Midland. The site includes two buildings. The rear building consists of approximately 13,920 square feet and sits on a 2-acre fenced lot; it is currently leased. The front building offers approximately 38,530 square feet on 3.5 acres and is available for lease, featuring approximately 460 feet of frontage along W. Wall Street.
Nearby Major Retailers
Contacts
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Stephanie Gauthier -
Trey Dennis -
Wes Gotcher -
Jack Oduro -
Moriah Brokerage Services
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For LEASE or SALE | 3920 W Wall St
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