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7909 N FM 1788

$10,822,500

For Sale

Property Description

7909 N FM 1788 presents 166.5 total acres of potential investment at $65,000 per acre. Positioned for various development ventures, this property offers strategic opportunities in a dynamic economic landscape. Proposed uses include commercial, residential, and water development, catering to diverse investment interests.

Key features of the property include a substantial 1 million BBL frac pond, over 20 water wells producing a combined 600+ gallons per minute, and a 7,500 square foot equipment shop, enhancing operational capabilities. With 1,650 feet of frontage along FM 1788 and 3,700 feet along Hwy 158, the property ensures visibility and accessibility, complemented by the steady traffic of over 6,000 vehicles reported daily on both roads.

Water resources play a pivotal role in the Permian Basin's operations, making the property's robust water infrastructure, along with the sizable frac pond, a valuable asset for potential expansion. Additionally, with an acceptable offer, two residences situated on 15 acres can be included, enhancing the property's versatility. Conveniently located just 11 miles from Midland Airport, accessibility is further enhanced, facilitating seamless operations and connectivity.

Lance White

Broker/Co-Owner

Email

Phone

432-894-2193

Levels

Built Year

Sqft

Main Location

Midland, Tx

Contact Agent

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