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601-625 E 42Nd St Odessa, TX 79762

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For Sale
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82,264 SF shopping center in Odessa, Texas, 98% leased.

Lot size:
282.00 Acres

Property Features for 601-625 E 42Nd St

General Information

Lot size
282.00 Acres

Building Details

Year built
1965

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Listing Contact
Joe Caccamo
Joe Caccamo
Source: Cppcre

Listing Agency: CP Partners Listing Agent: Joe Caccamo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Odessa Shopping Center For Sale

Sherwood Village is a community shopping center with 82,264 square feet of space, located in Odessa, Texas. The property is situated at the signalized intersection of East 42nd Street and Dixie Boulevard, a high-traffic corridor with exposure to over 41,000 cars per day. The shopping center is 98% leased and anchored by Family Dollar and O’Reilly Auto Parts, along with a diverse collection of e-commerce-resistant and complementary tenants. A significant redevelopment was completed in 2020. The overhaul included a roof overlay with a 20-year labor and materials warranty, new plumbing, pylon signs and lighting, major parking lot repairs, and an additional 17,000 square feet of space. The property is located within the Permian Basin, which produces 47% of the oil and 17% of the natural gas consumed in the United States.
Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Sherwood Village Center, Sherwood, One Energy Square

Location Insight

  • Map
  • Local Demand
City
Odessa
County
Ector
State
Texas
Longitude
-102.37536
Latitude
31.884504

FAQs

What type of property is this?
Shopping center - 82,264 SF shopping center in Odessa, Texas, 98% leased.
Where is this shopping center located?
The property is located at 601-625 E 42Nd St Odessa, TX.
What are key features of this property?
This property features: - 98% leased shopping center anchored by Family Dollar and O’Reilly Auto Parts; - Located at a high-traffic intersection with over 41,000 cars per day; - Significant redevelopment completed in 2020, including a new roof with a 20-year warranty
More about this property
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