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Office Building, Executive Suite, Shop Space 1501 N Fairgrounds Rd

20,894 SF Office Building Midland, TX 79706 $4,680,000 ($224/SF)

Investment Highlights

  • 13,754 SF Office | Executive Office Suite, 22 Private Offices
  • 5,700 SF Tote Facility | Outdoor Workspace
  • 1,440 SF Shop/Storage | Parts Office

Executive Summary

Executive Office Space, Shop Space, and a Tote Facility totaling 20,894 SF on 3.83 Acres. The main building includes 13,754 SF of office space and 1,440 SF of shop all remodeled in 2015. Featuring a welcoming reception area, an executive office suite with a private shower, 22 private offices, multiple restrooms, and an open office area for cubicles. Additionally, there are two conference rooms: one to fit a smaller group of people and a larger training/conference room providing a versatile space for larger gatherings, training sessions, or workshops. The West side of the building holds a parts office, crew space, men's & women's locker rooms, and an open storage area with (1) 8' garage door. A 5,700 SF tote facility sits behind the main building offering ample outdoor work area. Whether you need a professional workspace, storage, or specialized work areas, this property offers a well-rounded solution. Contact Amy Burnett to schedule a tour and explore its full potential!

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
20,894 SF
Building Class
B
Year Built
1978
Price
$4,680,000
Price Per SF
$224
Tenancy
Single
Building Height
1 Story
Typical Floor Size
20,894 SF
Building FAR
0.13
Land Acres
3.83 AC
Zoning
Commercial District
Parking
45 Spaces (2.15 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Security System
  • Reception
  • Central Heating
  • Wi-Fi
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 20,894 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 20,894 SF Office Full Build-Out Now

1st Floor

Size
20,894 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 20,894 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000017-227
Land Assessment
$143,500 (2023)
Improvements Assessment
$1,083,980 (2023)
Total Assessment
$1,227,480 (2023)
  • Listing ID: 32638103

  • Date on Market: 7/31/2024

  • Last Updated:

  • Address: 1501 N Fairgrounds Rd, Midland, TX 79706

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