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    2070 Tx-338 Loop Odessa, TX 79766

    For Sale
    $3,300,000

    6 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6-acre commercial land parcel in Odessa, Texas, presents a unique investment opportunity. Located at 2070 TX-338 Loop, this property boasts prime visibility and accessibility, situated at a high-traffic intersection ideal for a truck stop. The land offers established water sales with potential for additional water access; verification with the city/county is recommended for future availability. Direct access is provided from IH-20 and SW Loop 338. The asking price for the 6-acre parcel is $3,300,000. Expansion options exist, with the potential to acquire up to 10 acres at $550,000 per acre, or a total of 35+ acres for $15,000,000. The property includes APN 42470.0042.00000 & PARCEL # 42470.00044.00000 T-2-S BLK 42 SEC 42 (CARD #3A) & T-2-S BLK 42 SEC 42 (CARD # 3) in Ector County, Texas, zip code 79766. The location's high visibility and convenient access make it an attractive site for various commercial ventures. Existing improvements include an Airbnb home and a storage building. This is a rare opportunity to secure a highly desirable commercial property in a thriving Texas market.

    Property Features for 2070 Tx-338 Loop

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • $3,300,000 asking price for 6 acres of commercial land.
    • Located at 2070 TX‑338 Loop, Odessa, TX 79766, in Ector County.
    • APN: 42470.0042.00000 & PARCEL # 42470.00044.00000 T‑2‑S BLK 42 SEC 42 (CARD #3A) & T‑2‑S BLK 42 SEC 42 (CARD # 3).
    • Prime location at a major intersection, ideal for a truck stop.
    • Direct access from I‑H 20 and SW Loop 338.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.4064772
    Latitude
    31.8088112

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    FAQs

    What type of property is this?
    Land - 6 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 2070 Tx-338 Loop Odessa, TX.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: $3,300,000 asking price for 6 acres of commercial land.; Located at 2070 TX-338 Loop, Odessa, TX 79766, in Ector County.; APN: 42470.0042.00000 & PARCEL # 42470.00044.00000 T-2-S BLK 42 SEC 42 (CARD #3A) & T-2-S BLK 42 SEC 42 (CARD # 3).
    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
    2070 Tx-338 Loop Odessa, TX 79766
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