A rare 40± contiguous acres **inside the Midland city limits**, in one of the most active corners of the Permian Basin — offered as a whole or in five separate tracts to fit any buyer.
This property is already positioned for its next chapter. The acreage is **city-approved and zoned for 1-acre lot development**, **preliminary engineering is complete**, and the site carries **triple road frontage with multiple access points** for flexible phasing and lot layout. **City water sits about a half-mile away**, and two 25,000-gallon storage tanks already on site create a significant reservoir buffer between the well and a future subdivision distribution system using Booster Pump System Ensuring consistent pressure for irrigation & domestic use. For a builder or developer, that means you can skip 12–18 months of entitlement and engineering.
For a buyer who wants to live on it or hold income-producing improvements, the property includes **three homes** and a **6,260 SF mega shop** — 3,200 SF of it climate-controlled and finished with living quarters, lounge/game areas, extensive covered parking and concrete drives.
The two development tracts 2 & 3 (14.58± and 16.14± acres) are priced at an **astonishingly low $45,000 per acre**, with the option to combine adjacent parcels for up to roughly 31 gross acres. Building materials on site are available for purchase. Building Materials available for purchase include but aren't limited to, steel, water pipe, commercial play ground.
Whether you're a homebuilder looking for shovel-ready dirt, an investor seeking a low-basis Permian Basin land bank or 1031 exchange, or a family wanting space, privacy and a showpiece shop — this offering can be tailored to fit.
**Buy the whole 40 — or just your piece of it. Contact for pricing and a full listing package.**
Also available (cross-sell)
This tract is part of a 40± acre property available as a whole (Tract 1) or in five separate tracts, including (Tract 2) 14.58± acre development tract (Tract 3) 16.14 acre development tract also $45K/acre) (tract 4) Known as 3801 Arapahoe Rd Midland, TX 79705 2.5 acres multi home property, and (tract 5) known as 6709 N Elkins Rd Midland, TX 79705 3.5 acres with 1 home and a 6,260 SF mega shop.)