This Land Property is no longer advertised on LoopNet.ca.
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 | $30,869,321 |
Land Assessment | $282,779 | Total Assessment | $31,152,101 |
ZONING
Zoning Code | C1 (Commercial) |
Listing ID: 26899969
Date on Market: 2022-10-20
Last Updated:
Address: 300 N Marienfeld St, Midland, TX 79701
The Downtown Midland Land Property at 300 N Marienfeld St, Midland, TX 79701 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
LAND PROPERTIES IN NEARBY NEIGHBORHOODS
NEARBY LISTINGS
- 512 Veterans Airpark ln, Midland TX
- 3121 TX-349, Midland TX
- 1401 East Cuthbert Ave, Midland TX
- 1800 Francis Ave, Midland TX
- 1711 W Francis Ave, Midland TX
- TBD E I-20, Midland TX
- 225 Corporate Dr, Midland TX
- 1511 E Front St, Midland TX
- 2412 Camp dr, Midland TX
- 1506 Garden City hwy, Midland TX
- 1011 W Texas Ave, Midland TX
- NW Corner of S. Fairgrounds Rd. and Indiana Ave., Midland TX
- 512 Veterans Blvd, Midland TX
- 3229 N Fairgrounds Rd, Midland TX