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5006 Portico Way

5,000 SF Vacant Office Building Midland, TX 79707 $1,275,000 ($255/SF)

Executive Summary

Discover the exceptional potential of this strategically positioned property, ideally situated in a prime location. Originally established as an executive office suite, this versatile space holds immense possibilities, especially for those considering a medical office setup. The existing layout boasts two generously sized offices, a spacious conference room, two standard offices, a welcoming greeting area, a well-appointed kitchen, a sizable garage, separate men's and women's restrooms, and ample storage space.
Designed with adaptability in mind, the building lends itself seamlessly to a seamless transformation into a medical office facility, complete with numerous smaller patient rooms. With its adaptable infrastructure and strategic location, this property presents an incredible opportunity to establish a flourishing medical practice in a highly sought-after locale.

Attachments

5006 portico

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
B
Year Built
2016
Price
$1,275,000
Price Per SF
$255
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.27
Lot Size
0.43 AC
Parking
5 Spaces (1 Space per 1,000 SF Leased)

Amenities

  • Courtyard
  • Kitchen
  • High Ceilings

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 5,000 SF
  • Office
  • -
  • Now

Discover the exceptional opportunity at 5006 Portico Way, a prime commercial property strategically located in Midland, TX. This spacious 5,000 square foot office space sits on a generous 0.43-acre lot, offering the perfect blend of functionality and simplicity for businesses seeking an efficient workspace. Key Features: Ample Space: With 5,000 square feet of well-designed area, this property is ideal for various office uses, providing enough room for teams to collaborate and thrive. Strategic Location: Situated in a prime area of Midland, this property benefits from excellent visibility and accessibility, making it convenient for both clients and employees. Practical Design: The layout emphasizes functionality without unnecessary complexity, catering to businesses that prioritize straightforward operations. Whether you're looking to establish a new office or expand your current operations, 5006 Portico Way presents a compelling option that combines size, location, and practicality—all at an attractive price point. Don't miss out on this opportunity to elevate your business in a space designed for success.

Space Size Space Use Condition Available
1st Floor 5,000 SF Office - Now

1st Floor

Size
5,000 SF
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 5,000 SF
Space Use Office
Condition -
Available Now

Discover the exceptional opportunity at 5006 Portico Way, a prime commercial property strategically located in Midland, TX. This spacious 5,000 square foot office space sits on a generous 0.43-acre lot, offering the perfect blend of functionality and simplicity for businesses seeking an efficient workspace. Key Features: Ample Space: With 5,000 square feet of well-designed area, this property is ideal for various office uses, providing enough room for teams to collaborate and thrive. Strategic Location: Situated in a prime area of Midland, this property benefits from excellent visibility and accessibility, making it convenient for both clients and employees. Practical Design: The layout emphasizes functionality without unnecessary complexity, catering to businesses that prioritize straightforward operations. Whether you're looking to establish a new office or expand your current operations, 5006 Portico Way presents a compelling option that combines size, location, and practicality—all at an attractive price point. Don't miss out on this opportunity to elevate your business in a space designed for success.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000203-228
Land Assessment
$83,460
Improvements Assessment
$1,262,380
Total Assessment
$1,345,840
  • Listing ID: 30707720

  • Date on Market: 1/19/2024

  • Last Updated:

  • Address: 5006 Portico Way, Midland, TX 79707

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