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

ZONING

Zoning Code C1 (Commercial)
  • Listing ID: 26899969

  • Date on Market: 10/20/2022

  • Last Updated:

  • Address: 300 N Marienfeld St, Midland, TX 79701