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    Crane Ave Odessa, TX 79766

    For Sale
    $1,713,690

    Prime 17-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 17.31-acre commercial land parcel presents a rare opportunity in Odessa, Texas. Strategically located on the corner of I-20 and Crane Avenue, this property boasts over 500 feet of frontage along the I-20 southern service road and over 900 feet along Crane Avenue, ensuring high visibility and accessibility. Priced at $99,000 per acre, the total asking price is $1,713,690. Its location offers unparalleled convenience, with easy access to I-20, Highway 385, a county road to the west, and Highway 338. Midland International Airport is a convenient 20-minute drive. This blank slate presents a unique chance to build a business in a high-traffic area. This is one of the last remaining corner properties of this size in Odessa, making it a truly exceptional investment opportunity. The property is located in Ector County, Texas, with a zip code of 79766. This central location provides excellent exposure and accessibility for any commercial venture. Don't miss this chance to secure a prime piece of Odessa real estate.

    Property Features for 0 Crane Ave

    General Information

    Property type
    Land
    Lot Size
    754,024 SF

    HighLights

    • 17.31‑acre commercial land parcel in Odessa, TX, priced at $1,713,690 ($99,000/acre).
    • High‑visibility corner lot at I‑20 and Crane Ave, offering over 500 ft of I‑20 frontage and over 900 ft of Crane Ave frontage.
    • Excellent location with easy access to major highways (I‑20, Hwy 385, Hwy 338) and proximity to Midland International Airport (20‑minute drive).
    • Rare opportunity: one of the last remaining large corner lots in Odessa, ideal for new commercial development.
    • Located in Ector County, TX (zip code 79766).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3670509
    Latitude
    31.8232525

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    FAQs

    What type of property is this?
    Land - Prime 17-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at Crane Ave Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,713,690.
    What are key features of this property?
    This property features: 17.31-acre commercial land parcel in Odessa, TX, priced at $1,713,690 ($99,000/acre).; High-visibility corner lot at I-20 and Crane Ave, offering over 500 ft of I-20 frontage and over 900 ft of Crane Ave frontage.; Excellent location with easy access to major highways (I-20, Hwy 385, Hwy 338) and proximity to Midland International Airport (20-minute drive).
    (432) 688-8200
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    Crane Ave Odessa, TX 79766
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    Odessa, TX 79766
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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
    Crane Ave Odessa, TX 79766
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