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    2707 Pacific Dr Odessa, TX 79764

    For Sale
    $154,200

    Prime Retail Lot, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.59-acre commercial land parcel, located at 2707 Pacific Drive in Odessa, Texas, presents a unique investment opportunity. Zoned for retail use, this property boasts high visibility and accessibility, situated in a high-traffic area with excellent proximity to major thoroughfares. The lot size is 25,700 square feet, offering ample space for development. The asking price is $154,200, translating to $6.00 per square foot. Significant traffic counts are reported nearby, including approximately 27,814 ADT (City Count) at Iola Drive and University Boulevard, approximately 47,148 ADT (TXDOT Count) at West Loop 338 and University Boulevard, and approximately 49,892 ADT (City Count) at NCR West and University Boulevard. Access to the lot is conveniently located on Pacific Drive. The property's strategic location adjacent to a CVS Pharmacy further enhances its desirability and potential for strong returns. This high-visibility location on NW Loop 338 makes it ideal for a variety of retail businesses seeking a prominent presence in a thriving Odessa market. The property is situated in Ector County, Texas, zip code 79764.

    Property Features for 2707 Pacific Dr

    General Information

    Property type
    Land
    Lot Size
    25,700 SF

    HighLights

    • High‑traffic location.
    • Excellent visibility on NW Loop 338.
    • Adjacent to CVS Pharmacy.
    • Pacific Drive access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -102.41404696724
    Latitude
    31.862231963558

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    FAQs

    What type of property is this?
    Land - Prime Retail Lot, High Traffic Area
    Where is this land located?
    The property is located at 2707 Pacific Dr Odessa, TX.
    What is the asking price?
    The asking price for this property is $154,200.
    What are key features of this property?
    This property features: High-traffic location.; Excellent visibility on NW Loop 338.; Adjacent to CVS Pharmacy.
    (432) 582-2250
    Request Owner's contact information
    2707 Pacific Dr Odessa, TX 79764
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    Odessa, TX 79764
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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
    2707 Pacific Dr Odessa, TX 79764
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