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Downtown Midland Investment Opportunity 500 W Ohio Ave 15,372 SF 100% Leased Office Building Midland, TX 79701 For Sale
Investment Highlights
- Downtown Midland asset with close proximity to Midland's top energy and professional firms
- Owner-user office opportunity
- ?Income producing with value-add upside
Executive Summary
500 W Ohio Ave is a two-story, multi-tenant office building situated at the corner of Ohio Street and Marienfeld Street in downtown Midland, Texas.? Originally constructed in 1954, the property has been maintained and updated over time, including a recent roof replacement and ongoing preventative maintenance.? The building features 9,028 square feet on the first floor and 6,344 square feet on the second floor, with shared common areas including hallways and restrooms, totaling 15,372 square feet on approximately 0.257 acres.?
This building is located at the intersection of Ohio Street and Marienfeld Street in downtown Midland, one block from Big Spring Street and less than one mile from the Midland CBD.? The surrounding area includes ConocoPhillips, Permian Resources, Diamondback Energy, Double Eagle, OGX Minerals, Community National Bank, and a dense concentration of energy and professional services firms representing the core of Permian Basin commercial activity.?
This building is located at the intersection of Ohio Street and Marienfeld Street in downtown Midland, one block from Big Spring Street and less than one mile from the Midland CBD.? The surrounding area includes ConocoPhillips, Permian Resources, Diamondback Energy, Double Eagle, OGX Minerals, Community National Bank, and a dense concentration of energy and professional services firms representing the core of Permian Basin commercial activity.?
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,372 SF
Building Class
B
Year Built
1954
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,663 SF
Building FAR
1.41
Lot Size
0.25 AC
Zoning
C1
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Professional, Scientific, and Technical Services
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Lorem Ipsum
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??Lambdin IT Consulting is an IT Managed Services Provider on a mission to reinvent technology by reinventing how it’s serviced. Our goal is to make your technology experience ?easy so it enables productivity, efficiency and growth rather than being a constant challenge. We’re here to serve as your single trusted provider for all your IT, networking, VoIP and telecom needs. We always have your best interests in mind and don’t represent any carrier service or hardware vendor, so you can be confident we sell only what you need, independent of incentives and ?any special interests.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 |
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Fairly walkable
50/100
Moderately drivable
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R000026-121 | Improvements Assessment | $762,960 |
| Land Assessment | $22,400 | Total Assessment | $785,360 |
Property Taxes
Parcel Number
R000026-121
Land Assessment
$22,400
Improvements Assessment
$762,960
Total Assessment
$785,360
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