1501 Fairgrounds RdMidland, TX 79706

For Sale
$4,680,000

Versatile Office, Shop & Tote Facility

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property in Midland, Texas, presents a unique investment opportunity. Spanning 20,894 square feet on a 3.83-acre lot, the property features a main building with 13,754 square feet of office space and a 1,440-square-foot shop, both remodeled in 2015. The office area boasts a welcoming reception area, an executive suite complete with a private shower, 22 private offices, multiple restrooms, and an open area suitable for cubicles. Two conference rooms cater to various group sizes, offering flexibility for meetings and training sessions. The shop area includes a parts office, crew space, men's and women's locker rooms, and open storage with an 8-foot garage door. A separate 5,700-square-foot tote facility provides ample outdoor workspace. The property is zoned for commercial use and benefits from convenient access to major roadways, including Business 20, I-20, and Loop 250. Built in 1978, this property offers a blend of established infrastructure and recent renovations, making it ideal for owner-users seeking a versatile and well-equipped space. The asking price is $4,680,000, with a price per square foot of $223.99. The property is currently vacant and operates under a NNN lease type. The property is easily sectioned to meet individual needs.

Highlights

  • 20,894 SF building on a 3.83-acre lot.
  • Main office, shop, and tote facility; remodeled in 2015.
  • 13,754 SF of office space including executive suite, 22 private offices, reception area, two conference rooms, and breakroom.
  • 1,440 SF shop/storage area with parts office, crew prep room, men's and women's locker rooms, and open storage.
  • 5,700 SF tote facility with outdoor workspace.
  • Excellent access to Business 20, I-20, and Loop 250.

Property Details for 1501 Fairgrounds Rd

Property type
Other office properties, Other mixed-use properties
Square Feet
20,894 SF
Year Built/Renovated
1978/2016
Lot Size (sq. ft)
166,835 SF

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.019674555725
Longitude
-102.0536820213
1501 Fairgrounds Rd, Midland, Texas

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1501 Fairgrounds Rd
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