Petroleum Building - Office Space Availability

For Lease$15/Sqft/Year See below for details.

214 West Texas Avenue, Midland, TX 79701

  • Office
  • General Office
  • 10,000 Sqft

Petroleum Building, Midland, TX 79701 - Office Space for rent

Petroleum Building is located at 214 West Texas Avenue in the Homestead-Original Town neighborhood, TX, Midland, 79701. The Class B Office building was completed in 1929 and features a total of 100,716 Sqft. There is 1 Office space available for lease at 214 West Texas Avenue, Midland, TX, 79701, totaling 10,000 Sqft. The largest space available has 10,000 Sqft and a rental rate of $15/Sqft/Year.

There are 45 office spaces for lease in the Homestead-Original Town neighborhood, totaling 140,862 Sqft of available office space. The office space availability for the 79701 zip code is 142,075 Sqft, in 46 office spaces. The average asking office rent per sq. ft. in Homestead-Original Town is $22.11/sqft/year. For Class A office buildings the average office rate is $25/sqft/year, for Class B office buildings the average office rate is $21.75/sqft/year.

In Homestead-Original Town, there are 24 class B office buildings. In 1929, the same year Petroleum Building was built, 1 more commercial property (office, industrial, retail) over 50,000 square feet was built in Midland, featuring 100,716 square feet of commercial space. At zip code level, there are 31 commercial properties, of which 27 are office buildings over 50,000 square feet.

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Details

  • Price $15/Sqft/Year
  • City Midland
  • Neighborhood Homestead-Original Town
  • Zip Code 79701
  • Market Midland Odessa
  • Property Type Office - General Office
  • Property Size 100,716 Sqft
  • Lot Size 2.87 Acre
  • Parking Spaces Avail. 211
  • Parking Ratio 2.10/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1929
  • Date Updated 13 Aug, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Availability

Suite Name Space Type Lease Rate Space Available
Suite # Not Known General Office $15/Sqft/Year 10,000 Sqft
  • Suite Suite # Not Known
  • Space Type General Office
  • Total Space Available 10,000 Sqft
  • Floor From 1 To 12
  • Divisible Space Yes
  • Max Contiguous 10,000 Sqft
  • Lease Rate $15/Sqft/Year
  • Possession Type Immediate
  • Lease Type Full Service
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Cindy Wilson Is this you?

David H. Arrington Oil & Gas

(432) 682-6685

FREQUENTLY ASKED QUESTIONS

How many office spaces are available at Petroleum Building?

There is currently 1 office space in this building.

What is the largest space available at Petroleum Building?

Currently, the largest rentable space at Petroleum Building totals 10,000 square feet.

What is the lease rate of the largest space available?

The monthly lease rate for the largest space available at Petroleum Building is $15/Sqft/Year$ per square foot.

What is the total square footage of Petroleum Building?

Petroleum Building totals 100,716 square feet.

When was this property built?

Petroleum Building was built in 1929.

Homestead-Original Town Demographics

The average household income in zip code 79701 is $75,576, from a total of 10,006 households. In terms of employment, there are 68.87 % white-collar and 31.13 % blue-collar jobs in zip code 79701.

Population

  • Total Population3,808
  • Male Population(49.8 %) 1,898
  • Female Population(50.2 %) 1,910
  • Median Age31.00

Income/Financial

  • Average Household Income$80,261
  • Median Household Income$71,162
  • Median Income Under 25$43,540
  • Median Income 25-44$85,232
  • Median Income 45-64$78,315
  • Median Income Over 65$38,414

Leasing Contact Register now to add listings

Cindy Wilson Is this you?

David H. Arrington Oil & Gas

(432) 682-6685

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