Prime Development Opportunity in Midland! This expansive 161+/- acre parcel is primed and poised for development. Boasting 12+/- acres of prime frontage along FM 1788/SH349 (daily traffic count 20-25k), it features a substantial 55-acre caliche pit housing around 3.1 million tons of TXDOT spec material, along with an impressive array of 40 water wells capable of yielding 45,000+/- barrels of freshwater daily. Additionally, it enjoys access to city water line and operates on its own primary electric meter, eliminating delivery charges.
This property represents an exceptional prospect for commercial, residential, or industrial development, with the added benefit of potential revenue streams from water and caliche sales. Positioned as one of the scarce large tracts available in the vicinity, it 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). Its 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.
Brent Graves
ALLIANCE REALTY & AUCTION