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    615 Sam Houston Ave Odessa, TX 79761

    For Sale
    $649,000

    Established Restaurant, 2924 sq ft, $649,000

    Property size:
    2,924 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional restaurant opportunity is located in the heart of downtown Odessa, Texas, at 615 N Sam Houston Ave, 79761. The property boasts a prime location just three blocks from numerous medical offices and other professional businesses, ensuring high foot traffic and visibility. This established restaurant features a spacious 2,924 square foot building situated on a 0.21-acre lot. Built in 1966 and extensively renovated in 2016, the property is in excellent condition and ready for immediate occupancy, with an anticipated occupancy date of August 19, 2024. The single-story building offers a comfortable and inviting atmosphere, complemented by an outdoor casual seating area with covered spaces, perfect for enjoying meals and drinks. The asking price is $649,000, translating to $221.96 per square foot. This represents a unique chance to acquire a thriving business in one of Odessa's most desirable locations. The property's strong history and prime location make it an ideal investment for experienced restaurateurs or those seeking a turnkey operation in a vibrant and growing market. Don't miss this chance to own a piece of Odessa's culinary scene.

    Property Features for 615 Sam Houston Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,924 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built/Renovated
    1966/2016
    Buildings
    1
    Stories
    1

    HighLights

    • $649,000 asking price for this 2,924 SF restaurant.
    • Located in Odessa, TX at 615 N Sam Houston Ave, on a 0.21‑acre lot.
    • Retail property, built in 1966 and renovated in 2016, featuring one 1‑story building.
    • Price per square foot is $221.96.
    • Available for occupancy August 19, 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rooster's Diner Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.37377630865
    Latitude
    31.848218864125

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, 2924 sq ft, $649,000
    Where is this restaurant located?
    The property is located at 615 Sam Houston Ave Odessa, TX.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: $649,000 asking price for this 2,924 SF restaurant.; Located in Odessa, TX at 615 N Sam Houston Ave, on a 0.21-acre lot.; Retail property, built in 1966 and renovated in 2016, featuring one 1-story building.
    Request Owner's contact information
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    Odessa, TX 79761
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    615 Sam Houston Ave Odessa, TX 79761
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