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Retail-Ready Office/Service Space
For Lease
$3,250/Mo

518 S Grant, Odessa, TX 79761

COMMERCIAL - Odessa, TX

Property Size1,920 SF
Lot Size0.10 Acres
Days on Market94

Property Features for 518 S Grant

General Information

Property type Commercial Lease
Property subtype Other
Subdivision Smith Pearson
Standard status Active
APN 29200.00260.00000
Size 1,920 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Annual Amount 40000

Building Details

Year built 1957
Floors in Building 1
Building materials Brick
Roof type Composition
Listing Agency: TruStar Real Estate
Listed By: Trust Key Team @ Trustar Real Estate · License #0567493
Added: Apr 29 Changed: Jun 3 Last Checked: Jul 31 at 12:06AM
MLS# 174261

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 commercial space offers central heat and air and a practical interior layout with separate men's and women's restrooms. The suite is sized at approximately 1,920 square feet, providing room for a variety of office, retail, service, or professional operations.

Located at 518 S Grant Ave in Odessa, Texas, the property provides convenient access and street-facing frontage. It is presented as being in a high-traffic area, which can support daily customer or client traffic depending on your business model.

The configuration and restroom setup make this unit workable for tenants seeking a professional environment with basic amenities already in place. With flexibility for office, retail, service business, or professional use, it may suit operators looking for a ready-to-occupy space where layout and core systems are already established.

Key Highlights

  • High‑traffic location with strong visibility
  • Versatile space suitable for office, retail, service, or professional use
  • Approximately 1,920 SF of space

Property Analytics

Current Use

Tres Amigos Cantina Arcade & Gaming Center

Suggested Use

Top Pick Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Storage Facility Garden Center Parking Lot & Garage

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

NNN (Triple Net)
Lease Type
$3.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,324
Businesses Nearby

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

Lease Benchmarks for Odessa, TX

$21.3 /SF/Yr
Avg Asking Price
$4.31–$60 /SF/Yr
Price Range
6,909 SF
Avg Space Size

This space is priced 5% below the average of $21.3 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Suite with central heat and air, separate restrooms, and street-facing frontage for office, retail, or service use.
Where is this office units located?
The property is located at 518 S Grant Odessa, TX.
What is the lease rate?
The lease rate is $3,250 /Mo.
What are key features of this property?
This property features: High‑traffic location with strong visibility; Versatile space suitable for office, retail, service, or professional use; Approximately 1,920 SF of space
More about this property
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