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Renovated Medical Office Building
For Sale
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706 Adams Ave, Odessa, TX 79761

Renovated office building with new HVAC, parking lot, and roof, located on a corner lot with entries on two streets.

Property SizeContact for details
Days on Market124

Property Features for 706 Adams Ave

General Information

Standard status Active
Property subtype Office

Additional Details

Road Access Yes

Building Details

Year Renovated 2015
Listing Agency: Paul Ary
Listed By: Paul Ary · License #TX 609748
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 12:40PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paul Ary

Investment Insights

Based on property information with market context.

This nicely renovated office building is suited for medical-related uses and underwent renovation in 2015. Improvements include new HVAC, an updated concrete parking lot, EIFS stucco, new flooring and ceiling tiles, interior and exterior paint, and exterior lighting. A new roof was added in 2017.

The property sits on a corner lot with an entry on two streets. It is located across the street from Odessa Regional Medical Center.

With its renovated interior finishes and recent exterior and mechanical upgrades, the building offers a refreshed footprint for professional office operations within the medical district.

Key Highlights

  • Renovated office building in the medical district, renovated in 2015 with new HVAC
  • 2015 upgrades include parking lot, EIFS stucco, flooring, ceiling tiles, and interior/exterior paint
  • New roof installed in 2017

Property Analytics

Current Use

Hartley Dumpster Rental ... Waste Management Facility

Suggested Use

Top Pick Real Estate Agency Storage Facility Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,606
Businesses Nearby
Under-served
Demand for This Use

Demographics for 79761, TX

30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Renovated office building with new HVAC, parking lot, and roof, located on a corner lot with entries on two streets.
Where is this medical office space located?
The property is located at 706 Adams Ave Odessa, TX.
What are key features of this property?
This property features: Renovated office building in the medical district, renovated in 2015 with new HVAC; 2015 upgrades include parking lot, EIFS stucco, flooring, ceiling tiles, and interior/exterior paint; New roof installed in 2017
More about this property
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