# 501 Texas Ave, Midland, TX 79701

> **TL;DR:** land, $500,000. Est. $2,167/mo. Listed 70 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $500,000 |
| Lot Size | 13,983 sqft (0.32 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 70 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,167 |
| **Total** | **$2,167** |

## Nearby Schools

- **Elementary:** Dezavala
- **Middle:** Alamo
- **High:** Midland

## Property Highlights

- 0.32 acre lot

## Description

### AI Summary
This 0.32-acre land property with zero bedrooms and zero bathrooms sits at 501 Texas Ave in the Original Town neighborhood of Midland, TX. The corner lot is ready for a new business and lies close to downtown while remaining accessible to Highway 80. Positioned on a 0.32-acre parcel, the land offers a straightforward site for commercial use in Midland, TX. Its corner configuration supports visibility and entry options suitable for business operations. Proximity to downtown provides convenient local connections, and Highway 80 access aids regional travel. In a market where the median price is $419,450, this lot at $500,000 represents a factual option for development within Original Town. The property requires no additional improvements noted in available details and aligns with needs for a ready commercial parcel near established routes.

### Agent Description
CORNER LOT, PROPERTY READY FOR YOUR NEW BUSINESS, CLOSE TO DOWN TOWN, ACCESIBLE TO HIGHWAY 80.

## Location

- **Address:** 501 Texas Ave, Midland, TX 79701
- **County:** Midland
- **Neighborhood:** Original Town
- **Coordinates:** 31.9989851, -102.0691025
- **Google Maps:** https://www.google.com/maps?q=31.9989851,-102.0691025

## Listing Agent

- **Name:** Leo Salcido
- **Brokerage:** Black Orchid Real Estate
- **Phone:** 4325574487
- **Email:** leosalcido1@gmail.com

## Primary Photo

![501 Texas Ave - Primary Photo](http://lh.rdcpix.com/7e08274a4581562e1ac1376ae15839a7l-f3868658444r.jpg)

*3 total photos available on [listing page](https://www.propertysimple.com/listing/501-texas-ave-midland-tx-79701-50093731)*

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**MLS#:** 50093731 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/501-texas-ave-midland-tx-79701-50093731)

---

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