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3900 N FM 1788
6.1 - 93.81 Acre Agricultural Land Lots Offered at $2,135,000 - $4,502,880 Per Lot in Midland, TX 79707
Investment Highlights
- One-of-a-kind mixed-use development opportunity on 161 acres of land capable of producing 45,000 barrels of fresh water daily.
- Benefit from high visibility with over 100 feet of FM 1788 and SH 349 frontage, with a daily traffic count of 25,000 vehicles daily.
- 55-acre developed caliche reserve with an estimated 3.1 million tons of TXDOT spec material sits on the lot for heavy highway work.
- 40 producing water wells were placed in service in 2019, with a hydrology report confirming an annual capability of 17.5 to 21 million barrels.
- Experience single primary meter electricity with no delivery charges and access to the City of Midland Water Line along the property line.
- Centrally positioned between Midland and Odessa, just a short drive to the Midland International Airport, Zoo, and nearby amenities.
Executive Summary
Representing the exceptional prospect for commercial, residential, or industrial development, this attractive asset has the added benefit of potential revenue streams from water and caliche sales. This site boasts 12 acres of prime frontage along FM 1788 and SH 349 which is often frequented by a daily traffic count of 20,000 to 25,000 cars. Positioned as one of the only scarce large tracts available in the vicinity, this commercial land stands ripe for development.
Strategically situated between Midland and Odessa, beyond both city limits, the property sits a mere four miles from both the Midland International Air & Space Port and the forthcoming Zoo Midland (anticipated opening in mid-2027). The offering's proximity to these key landmarks makes it ideally suited for a range of ventures, including restaurants, hotels, retail outlets, residential complexes, commercial enterprises, or light industrial projects.
Property Facts
Price | $2,135,000 - $11,604,380 | Property Type | Land |
Sale Type | Investment | Property Subtype | Agricultural |
Sale Conditions | 1031 Exchange | Total Lot Size | 161.69 AC |
No. Lots | 4 |
Price | $2,135,000 - $11,604,380 |
Sale Type | Investment |
Sale Conditions | 1031 Exchange |
No. Lots | 4 |
Property Type | Land |
Property Subtype | Agricultural |
Total Lot Size | 161.69 AC |
4 Lots Available
Lot 1
Price | $2,166,500 | Lot Size | 6.19 AC |
Price Per AC | $350,000.00 |
Price | $2,166,500 |
Price Per AC | $350,000.00 |
Lot Size | 6.19 AC |
Experience the rare, FM 1788 frontage at Lot 1. This site is 6.19 acres and has 530 feet of frontage and is 560 feet deep. This location coupled with the high daily traffic count and lack of restaurants in the area would be perfect for fast food.
Lot 2
Price | $2,135,000 | Lot Size | 6.10 AC |
Price Per AC | $350,000.00 |
Price | $2,135,000 |
Price Per AC | $350,000.00 |
Lot Size | 6.10 AC |
Don't miss out on the rare, FM 1788 commercial frontage at Lot 2. This 6.1-acre lot has 470 feet of frontage and 600-foot depth. This location has a high daily traffic count and a city water main on the south line.
Lot 3
Price | $4,502,880 | Lot Size | 93.81 AC |
Price Per AC | $48,000.00 |
Price | $4,502,880 |
Price Per AC | $48,000.00 |
Lot Size | 93.81 AC |
Perfect for commercial, residential, or mixed-use development, this site can be used for commercial water sales with over 50,000 barrels per day of production. This 2,970- by 1,347-foot lot has access to 440 volts of electricity and city water main.
Lot 4
Price | $2,800,000 | Lot Size | 55.59 AC |
Price Per AC | $50,368.77 |
Price | $2,800,000 |
Price Per AC | $50,368.77 |
Lot Size | 55.59 AC |
Lot 4 comprises the Caliche pit. This approximate 55-acre site offers 3.1M tons of TX-DOT spec material. Centrally located between Midland and Odessa where the material is in high demand. 440-volt electricity, city water main, shared road access.
Description
Tracts 1 & 2 boast 1,000 feet of frontage along FM 1788 and SH 349, with approximately 12 prime commercial acres, benefiting from a daily traffic count of 25,000 vehicles. Tract 3 features 40 producing water wells, most of which were drilled and placed in service between 2017 and 2019. Production tests indicate a daily capacity of 45,000+ barrels, supported by a hydrology report confirming an annual capability of 17.5 to 21 million barrels. Additionally, the property includes 575,000 barrels of water storage, with water delivered to pits and neighboring sites via flat line delivery systems. Electricity is supplied via a single primary meter with overhead lines owned by the landowner, eliminating delivery charges. Hydrology report and other supporting documentation are available upon request.
Nearby Amenities
Hotels |
|
---|---|
La Quinta Inns & Suites |
103 rooms
9 min drive
|
Best Western Plus |
76 rooms
10 min drive
|
Candlewood Suites |
113 rooms
10 min drive
|
zoning
Zoning Code | None (No Zoning) |
None (No Zoning) |
Sale Advisor
Sale Advisor
Brent Graves, Auctioneer/Broker
After attending Texas Tech University, Brent entered corporate America for a few years before attending auction school. “I left auction school in May and quit my full-time corporate job in July to become an auctioneer, it’s all I could think about. I realized I could not give my employer 100%, and that wasn’t fair to them.” Brent went to work as many auctioneers do, contracting their services by the day. He worked for smaller regional auction firms for the experience and whatever they would pay. “I was very blessed early on to work for some of the undisputed best auctioneers in the world. The money wasn’t bad, but the experience was priceless.” As a contract auctioneer Brent began working the wholesale automobile auctions in west Texas and New Mexico, calling three auctions per week while working for other auctioneers on the weekends. “I enjoyed the experience of the wholesale auto auctions, it made me a better auctioneer for sure. I wanted to build an auction company and working three, sometimes four car auctions per week was not conducive to building an auction company."
Presented by
ALLIANCE REALTY & AUCTION
3900 N FM 1788
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