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Multi-Building Industrial Flex Property
For Sale
$595,000

302 Industrial Ave, Odessa, TX 79761

Industrial flex property with a main office and a 10,000 SF shop featuring multiple overhead doors and a dock well.

Property Size14,830 SF
Lot Size3.40 Acres
Price / SF$40.12
Days on Market37

Property Features for 302 Industrial Ave

General Information

Standard status Active
Size 14,830 SF
Lot size 3.40 Acres

Amenities

reception
private offices
conference room
IT closet
lab with sink
restrooms
dock well
heaters
mezzanine storage

Building Details

Year Built 1964
Listing Agency: NRG Realty Group, LLC
Listed By: Justin Dodd · License #9004023
Source: Raftercrossrealty
Added: Jul 21 Changed: Aug 14 Last Checked: Aug 25 at 9:19AM

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 NRG Realty Group, LLC

Investment Insights

Based on property information with market context.

This industrial flex property consists of 14,830 SF across three buildings on 3.4 acres. The main office includes a reception area, private offices, a conference room, an IT closet, a lab with a sink, and restrooms, supporting administrative or service use. Shop 1 provides 10,000 SF with multiple overhead doors, a dock well, heaters, and mezzanine storage. Shops 2 and 3 add additional space and may offer opportunities for value-add by an owner-user.

The property is located at 302 Industrial Ave in Odessa, Texas. It’s configured for both office and shop operations, with multiple loading and overhead door access supporting day-to-day industrial activity.

With three buildings and on-site office improvements, the layout can accommodate an owner-operator who needs functional work space alongside dedicated administration and lab space.

Key Highlights

  • Industrial property with 14,830 SF across three buildings on 3.4 acres (built in 1964)
  • Main office includes reception, private offices, conference room, IT closet, lab with sink, and restrooms
  • Shop 1 features 10,000 SF with multiple overhead doors and a dock well

Property Analytics

Current Use

Ace Specialties Inc Factory

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

308
Businesses Nearby
Balanced
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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Industrial flex property with a main office and a 10,000 SF shop featuring multiple overhead doors and a dock well.
Where is this flex space located?
The property is located at 302 Industrial Ave Odessa, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Industrial property with 14,830 SF across three buildings on 3.4 acres (built in 1964); Main office includes reception, private offices, conference room, IT closet, lab with sink, and restrooms; Shop 1 features 10,000 SF with multiple overhead doors and a dock well
More about this property
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