1410 Rankin HwyMidland, TX 79701

Property Details for 1410 Rankin Hwy

Year built

1981

Lot size

0.34 AC

Property size (Sq ft)

5,400 SF

Property type

Office properties

Property subtype

Office space

Description

This exceptional 5,400 square foot office building, located at 1410 Rankin Hwy in Midland, Texas, presents a unique investment opportunity. Recently renovated in 2024, this single-story, Class C building sits on a 0.337-acre lot (14,700 sq ft) and offers three available suites ranging from 160 to 865 contiguous square feet. The property boasts 15 total parking spaces, including covered parking, and benefits from high visibility due to its Rankin Highway frontage. The flexible space is suitable for various uses, including traditional office, medical office, coworking, and creative office settings. Each suite is divisible into smaller individual offices, providing adaptability for diverse tenant needs. Shared amenities include a convenient breakroom/kitchen, two sets of hall bathrooms, and a furnished lobby. The property's zoning is Regional Retail. The building's annual property taxes are $0.80 per square foot. Landlord pays for water, sewer, electricity, gas, common area maintenance, and janitorial services. Tenants are responsible for their own suite's janitorial upkeep. A preferred lease term is 3-5 years with a 3% annual cost of living increase. One suite is already leased and occupied. The APN is R000057950.

Location Insight

City

Midland

County

Midland

State

Texas

Latitude

31.9829

Longitude

-102.077

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