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    601 42Nd St Odessa, TX 79762

    For Lease
    Contact for pricing

    Odessa Retail Center - 3 Spaces Available

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 100,000 square foot retail center, located in Odessa, Texas, presents a unique investment opportunity. Situated at the prominent corner of 42nd Street and N. Dixie Street in Ector County, this property boasts a prime location with high visibility and accessibility. Recently renovated in 2019, the center offers multiple tenancy options with three spaces currently available, ranging from 1,470 to 3,636 square feet. The property's strong tenant mix includes established businesses such as O'Reilly Auto Parts, Crab City, Presotea, Smoothie King, and Volcano Korean BBQ, ensuring a vibrant and thriving shopping environment. The center's modern design and convenient location attract a diverse customer base, making it an ideal investment for both established businesses and new ventures seeking a high-traffic location. The property's address is 601 E 42nd St, Odessa, TX 79762. This retail and office space offers a compelling opportunity to capitalize on the robust commercial activity in this thriving Texas city. The property's recent renovations ensure modern amenities and a well-maintained environment, attracting both tenants and customers. The diverse range of existing tenants creates a synergistic environment, further enhancing the overall appeal and value of the property.

    Property Features for 601 42Nd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF

    Building Details

    Year Renovated
    2019

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,470 SF
    Space
    Available Space 3
    Size
    1,800 SF
    Space
    Suite 629
    Size
    3,636 SF

    HighLights

    • 100,000 SF retail center in Odessa, TX, at the high‑visibility corner of 42nd & N. Dixie Streets.
    • Recently renovated (2019) with three available spaces (1,470 - 3,636 SF).
    • Strong tenant mix including O'Reilly Auto Parts, Crab City, Presotea, Smoothie King, and Volcano Korean BBQ.
    • Located at 601 E 42nd St, Odessa, TX 79762.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store Volcano Korean BBQ ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.37618525428
    Latitude
    31.885052986648

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    FAQs

    What type of property is this?
    Retail property - Odessa Retail Center - 3 Spaces Available
    Where is this retail property located?
    The property is located at 601 42Nd St Odessa, TX.
    What are key features of this property?
    This property features: 100,000 SF retail center in Odessa, TX, at the high-visibility corner of 42nd & N. Dixie Streets.; Recently renovated (2019) with three available spaces (1,470 - 3,636 SF).; Strong tenant mix including O'Reilly Auto Parts, Crab City, Presotea, Smoothie King, and Volcano Korean BBQ.
    Request Owner's contact information
    601 42Nd St Odessa, TX 79762
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    Odessa, TX 79762
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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
    601 42Nd St Odessa, TX 79762
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