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    302 Industrial Ave Odessa, TX 79761

    For Sale
    $1,500,000

    20,800 SF Flex/Warehouse, 3.53 Acres

    Property size:
    20,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    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.

    Property Features for 302 Industrial Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    20,800 SF
    Lot Size
    153,767 SF

    Building Details

    Buildings
    3

    HighLights

    • $1,500,000 asking price for this industrial property.
    • 20,800 square feet across three buildings on a 3.53‑acre lot.
    • Vacant, flex/warehouse space in Odessa, TX.
    • Features include 4,800 SF of office space, 16,000 SF of shop space, 3‑phase 480V power, a water well, and a rail spur.
    • Located at 302 Industrial Ave, Odessa, TX 79761.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ace Specialties Inc Industrial Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3402132
    Latitude
    31.8517014

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    FAQs

    What type of property is this?
    Distribution property - 20,800 SF Flex/Warehouse, 3.53 Acres
    Where is this distribution property located?
    The property is located at 302 Industrial Ave Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for this industrial property.; 20,800 square feet across three buildings on a 3.53-acre lot.; Vacant, flex/warehouse space in Odessa, TX.
    Request Owner's contact information
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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
    302 Industrial Ave Odessa, TX 79761
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