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3105 Wright Dr - Midland International Air and Space Port

1.95 Acres of Commercial Land Offered at $682,500 in Midland, TX 79706

Investment Highlights

  • Very close to the Midland International Air & Space Port Terminal Building
  • Central location to both Midland and Odessa
  • Curbed frontage on 4 lane Wright Drive
  • Close access to I-20 Business (HWY 80), I-20, FM 1788 and HWY 191

Executive Summary

Prime Location at airport, centrally located between Midland and Odessa, Texas, in the heart of the Permian Basin, for a hotel/meeting center/resturant.

Financial Summary (Actual - 2023)

Annual Annual Per AC
Taxes $661 $338.97
Operating Expenses - -
Total Expenses $661 $338.97

Financial Summary (Actual - 2023)

Taxes
Annual $661
Annual Per AC $338.97
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $661
Annual Per AC $338.97

Property Facts

Price $682,500
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Auto Repair
  • Cemetery or Mausoleum
  • Community Center
  • Distribution
  • Fast Food
  • Funeral Home
  • Hotel
  • Police or Fire Station
  • Public Park
  • Radio or Television Transmission Facility
  • Religious Facility
  • Restaurant
  • Self Storage
  • Specialty, Festival or Entertainment
  • Utility Substation
  • Veterinarian or Kennel
  • Warehouse
  • Winery or Vineyard
Total Lot Size 1.95 AC

1 Lot Available

Lot 007, 8A

Price $682,500
Price Per AC $350,000
Lot Size 1.95 AC

Raw land sale. Both lots to be sold as one contiguous property only. Has existing concrete foundation (unknown condition). Inside City of Midland, TX at the Midland International Air and Space Port. Currently zoned TP, Technology Park Dist.

Description

Property conveniently located to I-20 Business, I-20, FM 1788 and HWY 191. One of the closest available properties to the Midland International Air & Space Port terminal building, not owned by the City of Midland. Located just north of the former KMID TV station building, and adjoins the Midland-Odessa Symphony Building property on the east side. Curbed frontage on Wright Drive(4 lane). Lot is approximately 305 feet deep. Total property acreage approximately 2.023 (per Midland Central Appraisal District). Large existing concrete foundation on part of property, of unknown age or condition. Agent is 50% stockholder in XANA Corporation, which owns the property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R000026-908
  • R000106-082
Land Assessment
$44,060
Improvements Assessment
$0
Total Assessment
$44,060
Annual Taxes
$661
Tax Year
2023

zoning

Zoning Code TP, Technology Park Dist (See Page 62 in Midland, TX Zoning Guide: https://develop.midlandtexas.gov/DocumentCenter/View/144/Current-Zoning-Code-Ordinance-PDF)
TP, Technology Park Dist (See Page 62 in Midland, TX Zoning Guide: https://develop.midlandtexas.gov/DocumentCenter/View/144/Current-Zoning-Code-Ordinance-PDF)
  • Listing ID: 14624802

  • Date on Market: 12/12/2018

  • Last Updated:

  • Address: 3105 Wright Dr, Midland, TX 79706

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