401 W Texas Ave | Midland, TX 79701
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- LoopNet Team
401 W Texas Ave
Midland, TX 79701
REO Lender Sale- 108k SF Office/Redevelopment · Office Property For Sale
Investment Highlights
- ±108,000 SF, 10-story, multi-tenant office building located in the heart of downtown Midland, TX
- Midland, TX recently ranked as the 2nd-fastest growing city in the nation and also features the lowest unemployment rate in the U.S.
- ±150,000 people reside within 5-miles of the property with avg annual household incomes greater than $100,000
- The property offers outstanding value and endless options for office lease-up, apartment or hotel re-development, data/technology facilities, etc.
- The property features onsite and leased parking options
- The oil and gas industry is key to Midland’s economy; however, aerospace, agriculture, healthcare, retirement, and transportation play critical roles.
Property Facts
Property Type
Office
Building Size
108,000 SF
Building Class
B
Year Built
1954
Percent Leased
10%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
10,800 SF
Building FAR
3.70
Lot Size
0.67 AC
Zoning
CB - Central Business District
Parking
25 Spaces (0.23 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Banking
- Conferencing Facility
- Security System
- Storage Space
- Basement
- Common Parts WC Facilities
- Air Conditioning
About 401 W TEXAS AVE , MIDLAND, TX 79701
Known as The Community National Bank Building, which was built in 1945. This property is in the heart of the thriving downtown community.
Property Taxes
| Parcel Number | R000035-325 | Improvements Assessment | $8,530,025 |
| Land Assessment | $80,000 | Total Assessment | $8,610,025 |
Property Taxes
Parcel Number
R000035-325
Land Assessment
$80,000
Improvements Assessment
$8,530,025
Total Assessment
$8,610,025
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