401 Texas AveMidland, TX 79701

For Lease
$0-$192 /SF/YR

Downtown Midland, TX: 108,000 SF Office

Overview

Added:
Dec 11, 2024
Days on market:
94
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
RSF (Rentable sq. ft)
108,000 SF
Stories
10

Unit(s) available at that property

Space
Suite 550
Size
3,561 SF
Rate per SF
$180
Space
Basement Vault
Size
2,642 SF
Rate per SF
$180
Space
Suite 120
Size
2,343 SF
Space
suite 810
Size
426 SF
Rate per SF
$180
Space
Suite 420
Size
391 SF
Rate per SF
$180
Space
3rd Floor Rooftop Access
Size
2,000 SF
Space
Main lobby
Size
9,418 SF
Space
suite 540
Size
1,049 SF
Rate per SF
$192
Space
Suite Available
Size
108,000 SF
Rate per SF
$180
Space
suite 460
Size
1,827 SF
Rate per SF
$180

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.99843667
Longitude
-102.07845261
401 Texas Ave, Midland, Texas

FAQs

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401 Texas Ave
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