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7601 W County Road 116 - +/- 21.98 acres off I-20 21.98 Acres of Commercial Land Offered at $2,297,909 in Midland, TX 79706
INVESTMENT HIGHLIGHTS
- Can be divided
- Water across the street to the East
- Fully Fenced and Secured
- +/-700' Frontage - SCR 1250 | +/-1,230’ WCR 116
- Not in Flood Zone per Midland GIS
- +/- 900’ to I-20 and new overpass on SCR 1250
EXECUTIVE SUMMARY
The location features a cell tower lease that generates approximately $1,300 monthly revenue. The property is outside the flood zone, fully fenced, and secured with two cantilever gates, providing access from SCR 1250 and WCR 116. Additionally, the property is within the city limits and situated in the Nonresidential Zoning District, designated BP (Business Park District, I-20). For more information, please contact Larry Nielsen.
PROPERTY FACTS
| Price | $2,297,909 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 21.98 AC |
| Property Type | Land | ||
| Zoning | BP - Business Park District, I-20 | ||
| Price | $2,297,909 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 21.98 AC |
| Zoning | BP - Business Park District, I-20 |
1 LOT AVAILABLE
Lot
| Price | $2,297,909 | Lot Size | 21.98 AC |
| Price Per AC | $104,545.45 |
| Price | $2,297,909 |
| Price Per AC | $104,545.45 |
| Lot Size | 21.98 AC |
Formerly known as The Desert Thunder Raceway, this approximately 21.98-acre parcel of land can be purchased as a whole or divided into lots.
DESCRIPTION
The property is on CR 1250 and 116, one block south of I-20 and one block North of HWY 80. It is 10 miles from Midland International Air and Spaceport. It lies in the middle of other industrial parks and sits on the caddy corner from the Schlumberger HQ in Midland, TX. 7601 S. County Road 1160 is situated in Midland, Texas, a central hub within the Permian Basin —one of the most prolific shale plays in the United States. Midland is a key city in this oil-rich region, known for its extensive oil and gas exploration and production activity. The property is conveniently located within the heart of the Permian Basin, providing easy access to the numerous drilling sites, oil fields, and industry infrastructure that characterize this worldleading energy corridor. The Permian Basin covers over 90,000 square miles and spans parts of western Texas and southeastern New Mexico. Midland is a significant city within this basin and acts as a strategic center for oilfield services, transportation, and administrative operations. The 7601 S. County Road 1160 location is close to major transportation routes such as Interstate 20, facilitating quick access to other key sites across the basin. This position is advantageous for involvement in the ongoing energy development that has made the Permian Basin the most prolific shale player in the nation.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $360 | |
| Land Assessment | $827,220 | Total Assessment | $827,580 |
PROPERTY TAXES
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7601 W County Road 116 - +/- 21.98 acres off I-20
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