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Prime Intersection Land Opportunity
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I 20 W Odessa/Penwell, Odessa, TX 79763

Land available at I-20 and Fort Stockton Exit.

Property SizeContact for details
Lot Size6.00 Acres
Days on Market467

Property Features for I 20 W Odessa/Penwell

General Information

Standard status Active
Lot size 6.00 Acres
Property subtype Land
Listing Agency: New Heights Real Estate, LLC
Listed By: Cassandra "Cassie" Pearce 432-703-2545 · License #TX 588281
Source: Crexi
Added: May 1, 2025 Changed: Aug 8 Last Checked: Jul 13 at 8:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Heights Real Estate, LLC

Investment Insights

Based on property information with market context.

Located at the southeast intersection of the I-20 W and the 1053 Fort Stockton Exit, this property presents an opportunity with negotiable pricing. Situated between Meteor Crater Rd in Odessa, TX, and Monahans, TX, this location offers visibility and access to major highways. The property is located minutes from a gasoline refinery going into Penwell, TX. The available southeast quadrant acreage includes options for 6 acres at $350K per acre ($2.1M total), 12 acres at $300K per acre ($3.6M total), 12 acres at $255K per acre ($3,060,000 total), 30 acres at $200K per acre ($6M total), and 50 acres at $150K per acre ($7.5M total). Note that a nearby seller has up to 5800 acres available if more acreage is needed.

Property Analytics

Current Use

Commercial land

Location Intelligence

Trade Area within ½ mile

Demographics for 79763, TX

39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Land available at I-20 and Fort Stockton Exit.
Where is this commercial land located?
The property is located at I 20 W Odessa/Penwell Odessa, TX.
What is the asking price?
The asking price for this property is $2,100,000.
(432) 703-2545 Call to check price and availability
More about this property
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