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Fenced Flex Space
For Sale
$499,900

501 W 42nd St, Odessa, TX 79764

Commercial Sale, Odessa, TX

Property Size1,814 SF
Lot Size0.70 Acres
Price / SF$275.58
Days on Market11

Property Features for 501 W 42nd St

General Information

Property type Commercial Sale
Property subtype Office
Fencing Fenced, Barbed Wire
Subdivision Orchard
Lot features Corner Lot
Standard status Active
APN 21890.00010.00000
Size 1,814 SF
Lot size 0.70 Acres

Taxes and HOA fees

Tax Annual Amount 3634

Amenities

paved parking
perimeter fencing
covered work areas
shop and warehouse space
access from two streets

Building Details

Year built 1958
Building materials Metal Siding
Roof type Metal
Listing Agency: Keller Williams Realty - Midland & Odessa
Listed By: Ramon Gomez · License #0738885
Added: Sep 28 Last Checked: Oct 8 at 6:06AM
MLS# 177842

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.

Investment Insights

Based on property information with market context.

This flex property in Odessa occupies 0.7 acres and includes 1,814 square feet of building area. Improvements comprise multiple buildings, shop and warehouse space, and covered work areas. The property was built in 1958 and has metal siding, a metal roof, and perimeter fencing with barbed wire.

Access is available from two streets, including W 42nd St, near Andrews Hwy. The property is across from the Ector County Coliseum.

Key Highlights

  • 1,814 square feet of building area on a 0.7‑acre site
  • Multiple buildings with shop and warehouse areas
  • Covered work areas and paved parking

Property Analytics

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Current Use

C&D Auto sales Car Dealership Segundasss Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Pharmacy Gym & Fitness 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.

Lease Details

Yes
Fenced yard
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby
Under-served
Demand for This Use

Demographics for 79764, TX

26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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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Similar Off Market Nearby

  • Hercules Barbecue — 4200 Andrews Hwy, Odessa, TX 79762

Frequently Asked Questions

What type of property is this?
Flex space - The site includes shop and warehouse areas, covered work space, and paved parking.
Where is this flex space located?
The property is located at 501 W 42nd St Odessa, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,814 square feet of building area on a 0.7‑acre site; Multiple buildings with shop and warehouse areas; Covered work areas and paved parking
More about this property
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