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This exceptional 10-story, 108,000-square-foot commercial building in downtown Midland, Texas, offers a diverse range of spaces ideal for various businesses. Located at 401 W Texas Ave, Midland, TX 79701, this multi-tenant property boasts a minimum divisible space of 222 square feet and a maximum contiguous space of 12,800 square feet, with 87,238 square feet currently vacant. The building features two elevators, three-phase power, and is situated on a 0.67-acre lot. It's zoned for commercial use and benefits from Midland County's robust economy. The property includes updated tenant spaces and a newly installed fire suppression and sprinkler system, meeting current building codes for a variety of uses, including entertainment venues. Its prime location offers stunning views of the Bush Convention Center and Centennial Towers, and is just three minutes from the Museum of the Southwest. The building's former use as the Community National Bank headquarters provides existing banking infrastructure, including counters and safe deposit boxes. This adaptable space caters to a wide range of tenants, from traditional office users to restaurants and breweries. Midland's thriving economy, with a low unemployment rate and high average household income ($112,701), makes this a highly attractive investment opportunity. The city's projected 10% population growth in the next five years further underscores its potential. Midland's strategic location within Texas' diverse economy, coupled with competitive utility rates, creates a lucrative business environment. The city's prominence in the oil and gas industry, along with growth in aerospace, agriculture, healthcare, and transportation, ensures a strong and diverse tenant base. This property presents a unique opportunity to establish a presence in one of the fastest-growing cities in the United States.
Highlights
108,000 SF of Class A office space.
Prime location in the Entertainment District.
Bush Convention Center views.
Centennial Plaza views.
Ideal for bar, lounge, or speakeasy development.
Property Details
for 401 Texas Ave
Property type
Other specialty properties, Other retail properties
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Contacts
Jitender Makkar
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401 Texas Ave, Midland, Texas, 79701
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.