This Land Property is no longer advertised on LoopNet.com.
300 N Marienfeld St
Midland, TX 79701
Rare 99-Year Ground Lease · Land For Sale · 1.38 AC
INVESTMENT HIGHLIGHTS
- Zero-cash flow investment opportunity for membership interests in a 1.38-acre parcel of land beneath a 148,936-square-foot Class A office.
- Year one rent for the land lease is currently around $750,000, with a commencement date of March 25, 2022 and 2.5% annual escalations.
- 300 N Marienfeld Street is an architectural landmark in Downtown Midland within walking distance of Centennial Park and West Wall Street dining.
- Located in the Permian Basin, the heart of Texas Energy Country, directly along the Midland EZ Rider M3, M4, and M5 bus lines.
PROPERTY FACTS
Property Type | Land |
Property Subtype | Commercial |
Total Lot Size | 1.38 AC |
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $21,476,559 |
Land Assessment | $199,500 | Total Assessment | $21,676,059 |
ZONING
Zoning Code | C1 (Commercial) |
Learn More About Investing in Land
Listing ID: 26899969
Date on Market: 10/20/2022
Last Updated:
Address: 300 N Marienfeld St, Midland, TX 79701
The Land Property at 300 N Marienfeld St, Midland, TX 79701 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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