Retail Property on I-20
For Sale
$1,796,832
1506 W 2nd Street, Odessa, TX 79763
Retail property with direct access to I-20 and Hwy 385.
Property Size20,976 SF
Price / SF$85.66
Days on Market298
Property Features for 1506 W 2nd Street
General Information
Standard status
Active
Size
20,976 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
NNN
Amenities
Corporate NNN Lease Featuring 10% Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost. Highly Functional Facility - Features 6 Drive-In Service Bays.
Recent Lease Extension through 2037, Signaling Long-Term Commitment to the Location. Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20.
Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and DFW, Reinforcing Tenant Exposure to Regional and Cross-State Freight Operators.
Located Just 1.8 Miles from the Odessa Motor Freight Terminal and 2.2 Miles from the Union Pacific Rail Yard, Creating a Concentration of Logistics-Related Vehicle Traffic.
Mission-Critical Truck Service Location Along a Major West Texas Logistics Route, Catering to Class 7 and 8 Trucks with High Daily Freight Traffic Volume and Nonstop Service Demand from Long-Haul and Oilfield-Related Transport.
LubeZone's Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets across Credit, Private Equity, Real Estate, and Infrastructure Strategies.
Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Located in Odessa's Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S. Due to Upstream and Midstream Oil and Gas Operations. Surrounded by Complementary Industrial Users Including Truck Stops, Fuel Stations, Heavy Equipment Rental, and Trailer Repair - Creating a Self-Reinforcing Ecosystem That Drives Consistent Service Volume to the Site.
Building Details
Building Size
20,976 SF
Listing Agency:
Marcus & Millichap | San Diego
Listed By:
Alvin Mansour · License #License(s): CA: 01391653, TX: 0606255
(858) 373-3184
Source:
Marcusmillichap
Added: Nov 24, 2025
Changed: Sep 15
Last Checked: Sep 18 at 3:54AM
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 Marcus & Millichap | San Diego
Investment Insights
Based on property information with market context.
This retail property is strategically located on the I-20 Business Loop, offering direct access to I-20 and Hwy 385. The property is situated near the Odessa Motor Freight Terminal and Union Pacific Rail Yard, placing it within a core trucking corridor for West Texas logistics. The surrounding area is densely populated. The property has a size of 21500 square feet and features annual rental increases.
Key Highlights
- Strategically located on I‑20 Business Loop
- Direct access to I‑20 & Hwy 385
- Core trucking corridor for West Texas logistics
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
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Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property with direct access to I-20 and Hwy 385.
Where is this retail property located?
The property is located at 1506 W 2nd Street Odessa, TX.
What is the asking price?
The asking price for this property is $1,796,832.
What are key features of this property?
This property features: Strategically located on I‑20 Business Loop; Direct access to I‑20 & Hwy 385; Core trucking corridor for West Texas logistics
