High Traffic Corner
1301 E 2nd St Odessa, TX 79761
1301 E 2nd St, Odessa, TX, 79761
$399,900
For Sale
$399,900
Former gas station with high traffic, endless options.
Property Size2,141 SF
Lot Size0.05 Acres
Price / SF$186.78
Days on Market440
Property Features for 1301 E 2nd St
General Information
- Standard status
- Active
- Size
- 2,141 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1962
Listing Agency
Pine & Beckett - Chris Beckett
(432) 349-7000
Listed by
Chris Beckett · License #0439538
(432) 349-7000
Source
Exitrealty
Added: May 4, 2025 Checked: Jul 17 at 5:01 am
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 Pine & Beckett - Chris Beckett
Investment Insights
Based on property information with market context.
This property, a former gas station, is situated on a high-traffic corner lot at the intersection of Dixie and 2nd Street/Business 20. The property is zoned Light Industrial (LI) and was built in 1963. It features a 1,972 square foot building on a 0.052-acre lot. Traffic counts indicate approximately 19,000 cars per day on 2nd Street/Business 20 and 11,500 cars on Dixie per day. The property requires renovation and presents opportunities for various business ventures, including a bar, restaurant, or food truck rental spaces. The property is being sold AS IS, WHERE IS, without remediation reports or inspections. It is not currently part of the ODC Building Redevelopment Bond Program.
Key Highlights
- High‑traffic corner lot location at Dixie and 2nd St/Bus. 20.
- Zoned Light Industrial (LI) offering diverse usage possibilities.
- High daily traffic count: 19,000 cars on 2nd/Bus. 20 and 11,500 on Dixie.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $19.20 |
| − Vacancy | −$2.9k | −$1.34 |
| EGI | $38.2k | $17.86 |
| − OpEx | −$9.6k | −$4.46 |
| NOI | $28.7k | $13.39 |
2,141 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Industrial
$1.82M
$1.59M – $2.12M
NOI $127,060 @ 7.0% cap · market cap 31.77%
Second Best
Specialty Retail
$409.6K
$358.4K – $477.9K
NOI $28,672 @ 7.0% cap · market cap 7.17%
Theoretical Best
Flex RnD
$3.11M
$2.72M – $3.63M
NOI $217,877 @ 7.0% cap · market cap 54.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quality Rent To Own
Apartment Building
Galileo's Garage
Auto Repair Shop
Junior's Appliances Sales ...
Home Appliance Store
Martin's Car Wash
Car Wash
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FAQs
What type of property is this?
Gas station - Former gas station with high traffic, endless options.
Where is this gas station located?
The property is located at 1301 E 2nd St Odessa, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: High‑traffic corner lot location at Dixie and 2nd St/Bus. 20.; Zoned Light Industrial (LI) offering diverse usage possibilities.; High daily traffic count: 19,000 cars on 2nd/Bus. 20 and 11,500 on Dixie.
