3212 Preston Dr Midland, TX ^$ 5,564,500

3212 Preston Dr

^$ 5,564,500

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3212 Preston Dr

Midland, TX, 79707

^$ 5,564,500

Bedrooms-- Baths-- Sq 41,427

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Property for Rent in Midland, TX

for $5,564,500. This 41,427 square foot property was built in 1982.

INVESTOR PORTFOLIO SALE INCLUDING 19 TENANT OCCUPIED & VACANT PROPERTIES! THE MAJORITY OF THE HOMES ARE 3 BED/ 2 BATH DUPLEXES OR TOWNHOMES WITH SOME AS 4 BEDROOM & 2 BEDROOM. THE SELLER IS SELLING THE ENTIRE PACKAGE AS A BUNDLE. GREAT INVESTMENT OPPORTUNITY w/COMMITTED PROFIT! NUMEROUS STREETS w/MULTIPLE HOMES IN GREAT RENTAL AREAS! STREETS INCLUDE: DENTCREST, ELMA, PRESTON, SCHARBAUER DR, SHELL & WHITTLE WAY AND MORE!

Rental Active

Price

^$ 5,564,500

Taxes

^$ 0

Style

Commercial

Year Built

1982

Town/City

Midland

County/Region

Midland

MLS | Web ID

50079496

Features

Interior

Interior Amenities Ceiling Height: Less than 20 ft

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

General

Sewer Public Sewer

Heating Central Natural Gas

Cooling Electric

Utilities Electricity Connected Sewer Connected Water Connected

Roof Composition

Appliances Central Hot Water

Construction Materials Brick

Exclusions MINERALS

Year Built 1982

Electric Individual Electric Meter

Tenant Pays Electricity Gas Water

Levels One

Property Subtype Commercial

Parcel Number R000056497

County Midland

New Construction N

Property Type Commercial Sale

HOA N

Attached Garage N

Subdivision Name Wydewood Estates

Garage Y/N N

Building Features Professional Management

Status Active

City Midland

MLS Area MC5

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 0

Showing Instructions Call Listing Office

Rent Control Y/N N

Building Area Units Square Feet

Lease Type RESIDENTIAL

Living Area Units Square Feet

Standard Status Active

Occupancy Type Tenant

Legal Description SEE AGENT COMMENTS.

Freehold BBO IDX

Exterior

Fencing Fenced Other

Parking Features Paved

Lot Features Cul-De-Sac Landscaped

Water Source Public

Foundation Details Slab

Spa N

Building Area Total 41427

Road Surface Type Paved

Road Frontage Type City Street Alley Sidewalks

Horse Y/N N

Irrigation Water Rights Y/N N

* Excluded Features

List By

The Agency Kerri Payne James Real Estate Team

Broker

(432) 553-7443

Phone

Nearby

Trends
Schools

About Midland, TX

132,228 Population

36% Since 2002

^$73,751 Median Income

34.79 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1795957 Elementary School

1795677 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/8/2025	$5,564,500	-17.62%	Price Down
7/18/2025	$6,755,000	-19.73%	Price Down
4/4/2025	$8,415,000	-10.86%	Price Down
1/23/2025	$9,440,000	-9.58%	Price Down
1/21/2025	$10,440,000		Listed Price

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3212 Preston Dr, Midland, TX, 79707 is a Property for Rent at $5,564,500 with 41,427 sqft. 3212 Preston Dr was built in 1982. The property's zip code is 79707 which is in Midland, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Permian Basin Board of Realtors

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Permian Basin Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/19/2026.

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3212 Preston Dr

Property for Rent in Midland, TX

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