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Industrial Flex Property with Three Buildings
For Sale
$595,000

302 Industrial Ave, Odessa, TX 79761

Commercial Sale, Odessa, TX

Property Size14,830 SF
Lot Size3.40 Acres
Price / SF$40.12
Days on Market267

Property Features for 302 Industrial Ave

General Information

Property type Commercial Sale
Property subtype Office
Fencing Chain Link
Subdivision Southeast Industrial Sites
Lot features Corner Lot
Standard status Active
APN 29300.00150.00000
Size 14,830 SF
Lot size 3.40 Acres

Taxes and HOA fees

Tax Annual Amount 1383

Amenities

reception
private offices
conference room
IT closet
lab with sink
restrooms

Building Details

Year built 1964
Listing Agency: NRG Realty Group, LLC
Listed By: Justin Dodd · License #9004023
Added: Feb 4 Changed: Oct 8 Last Checked: Oct 29 at 8:06PM
MLS# 167131

Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The flex property spans 14,830 square feet across three buildings on 3.4 acres. The office area includes reception, private offices, a conference room, an IT closet, a lab with a sink, and restrooms. Shop 1 measures 10,000 square feet and has multiple overhead doors, a dock well, heaters, and mezzanine storage; Shops 2 and 3 provide additional building area.

Built in 1964, the property is enclosed by chain-link fencing and is located at 302 Industrial Ave in Odessa, Texas.

Key Highlights

  • 14,830 square feet across three buildings on 3.4 acres
  • Office area includes reception, private offices, conference room, IT closet, lab with sink, and restrooms
  • 10,000‑square‑foot Shop 1 has multiple overhead doors, a dock well, heaters, and mezzanine storage

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Flex space - A multi-building site combines dedicated office space with a large shop and additional shop areas.
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: 14,830 square feet across three buildings on 3.4 acres; Office area includes reception, private offices, conference room, IT closet, lab with sink, and restrooms; 10,000‑square‑foot Shop 1 has multiple overhead doors, a dock well, heaters, and mezzanine storage
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