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701 Loraine st 0.34 Acres of Commercial Land Offered at $420,000 in Midland, TX 79701
Investment Highlights
- Prime Downtown Development Opportunity
- City Utilities Available Nearby including water and sewer services
- Excellent Accessibility with convenient access to major thoroughfares, including Front Street, providing direct connectivity to Interstate 20
Executive Summary
One of the last remaining pieces of raw, undeveloped land in downtown Midland, this 0.347-acre tract presents a rare investment opportunity. Zoned O-2 (Office District), the property is perfectly suited for professional office development or expansion. The site benefits from strong surrounding office presence, steady traffic flow, and excellent accessibility. This central setting places your future development among established professional businesses, making it an ideal address for visibility and convenience.
Positioned on a highly visible corner lot at North Loraine Street and West Louisiana Avenue, this 0.347-acre parcel offers an exceptional location in downtown Midland. Situated directly across from the five-story office building, The Atrium Centre.
Positioned on a highly visible corner lot at North Loraine Street and West Louisiana Avenue, this 0.347-acre parcel offers an exceptional location in downtown Midland. Situated directly across from the five-story office building, The Atrium Centre.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per AC |
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| Taxes |
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$99,999
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Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per AC | - |
Property Facts
| Price | $420,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Property Type | Land | ||
| Zoning | O2 - Office District | ||
| Price | $420,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.34 AC |
| Zoning | O2 - Office District |
1 Lot Available
Lot
| Price | $420,000 | Lot Size | 0.34 AC |
| Price Per AC | $1,235,294.12 |
| Price | $420,000 |
| Price Per AC | $1,235,294.12 |
| Lot Size | 0.34 AC |
Undeveloped land in downtown Midland, 0.347-acre tract, Zoned O-2 (Office District).
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Moderately bikeable
60/100
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701 Loraine st
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