302 Industrial Ave Odessa, TX 79761-5631
This exceptional industrial property in Odessa, Texas, presents a significant investment opportunity. Located at 302 Industrial Ave, 79761, this vacant property encompasses 20,800 square feet of space distributed across three buildings situated on a 3.53-acre lot. The main building offers approximately 15,000 square feet, including 4,800 square feet of office space featuring three private offices, an open office area, a break room, restrooms, and a conference room. The shop area within the main building comprises roughly 10,200 square feet and includes four 14-foot-high overhead doors. A second building provides an additional 3,800 square feet of shop space with four 14-foot overhead doors. The third building, a recently constructed metal structure, offers 2,000 square feet, incorporating a 1,000-square-foot, 14-foot-high wash bay and an insulated shop area with a 12-foot overhead door. The property boasts convenient access to IH-20 via Myrtle Street and S Grandview Ave, a fully fenced perimeter with a 25-foot electric coded gate, 3-phase/480V power, a water well, LED lighting, asphalt front parking, a loading bay, 400 feet of adjacent rail spur, and an above-ground septic system (500 + 1,000-gallon tanks). The asking price is $1,500,000. This property is also available for lease.
-
Ace Specialties Inc Factory Industrial Manufacturer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ES2 · Odessa, TXCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.