1201 Occidental PkwyMidland, TX 79705

For Sale
$3,200,000

21 Acres, 334 Units Approved

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 21-acre parcel, ideally situated at the intersection of Highway 349 and Occidental Parkway in Midland, Texas, presents a prime opportunity for multifamily development. Currently zoned and boasting an approved site plan for a 334-unit complex, this property offers immediate access to Midland's vibrant culinary and entertainment scene along Highway 349 and Loop 250. The site's strategic location benefits from the area's rapid growth, with approximately 6,000 new homes under development in the immediate vicinity. Adding to its appeal, the adjacent Lone Star Trails subdivision provides residents with nearly four miles of walking trails and numerous pocket parks. All utilities are readily accessible, ensuring a seamless and efficient development process. This ready-to-build site represents a significant investment opportunity in the thriving north Midland area, offering a compelling combination of location, infrastructure, and approved plans for a substantial multifamily project. The asking price for this exceptional property is $3,200,000. The property's address is 1201 Occidental Pkwy, Midland, TX 79705.

Highlights

  • $3,200,000 asking price.
  • 21-acre multifamily land parcel in Midland, TX.
  • Located at Highway 349 & Occidental Parkway, with easy access to restaurants and entertainment.
  • Approved site plan for 334 units.
  • Zoned for multifamily development.

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.08261
Longitude
-102.088872
1201 Occidental Pkwy, Midland, Texas

FAQs

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1201 Occidental Pkwy
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