601-625 E 42nd St, Odessa, TX 79762

Building Details

Year Built

1965

Listing office Edge Realty Partners - Houston j***@cppcre.com Show Phone

Listing date Mar 6, 2026

Source Cppcre

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Overview

Sherwood Village is a community shopping center with 82,264 square feet of space, located in Odessa, Texas. The property is situated at the signalized intersection of East 42nd Street and Dixie Boulevard, a high-traffic corridor with exposure to over 41,000 cars per day. The shopping center is 98% leased and anchored by Family Dollar and O’Reilly Auto Parts, along with a diverse collection of e-commerce-resistant and complementary tenants. A significant redevelopment was completed in 2020. The overhaul included a roof overlay with a 20-year labor and materials warranty, new plumbing, pylon signs and lighting, major parking lot repairs, and an additional 17,000 square feet of space. The property is located within the Permian Basin, which produces 47% of the oil and 17% of the natural gas consumed in the United States.

Suggested Use

Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Gym & Fitness Center Big Box & Wholesale Store Pharmacy HVAC Service Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Sherwood Village Center — N Dixie Blvd, Odessa, TX 79762
• Sherwood — 1123 E 42nd St, Odessa, TX 79762
• One Energy Square — 3100 Andrews Hwy, Odessa, TX 79762

Location Insight

• Map
• Local Demand

City

Odessa

County

Ector

State

Texas

Longitude

-102.375

Latitude

31.8845

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FAQs

What type of property is this?

Shopping center - 82,264 SF shopping center in Odessa, Texas, 98% leased.

Where is this shopping center located?

The property is located at 601-625 E 42nd St Odessa, TX.

What is the asking price?

The asking price for this property is $17,500,000.

What are key features of this property?

This property features: 98% leased shopping center anchored by Family Dollar and O’Reilly Auto Parts; Located at a high‑traffic intersection with over 41,000 cars per day; Significant redevelopment completed in 2020, including a new roof with a 20‑year warranty