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    56Th St Odessa, TX 79762

    For Sale
    $2,122,243

    4.06 Acres, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 4.06-acre commercial land parcel presents a unique investment opportunity in Odessa, Texas. Located just east of Odessa Cross Fit on E 56th Street, this property boasts a highly desirable location with excellent visibility and accessibility. The asking price is $2,122,243, translating to $12 per square foot. The property's zoning and permitted uses should be independently verified. Given its size and strategic placement, this land is ideally suited for a variety of commercial developments, offering significant potential for future growth and return on investment. The address is 56th Street, Odessa, TX 79762, within Ector County. Detailed site surveys and environmental assessments are recommended prior to any development plans. Prospective buyers are encouraged to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use. This is a rare opportunity to acquire a substantial tract of land in a thriving Texas city. The property's location offers easy access to major transportation routes and a strong local economy. The expansive acreage provides ample space for a wide range of commercial ventures. Serious inquiries are welcome.

    Property Features for 0 56Th St

    General Information

    Property type
    Land
    Lot Size
    176,854 SF

    HighLights

    • 4.06‑acre commercial land parcel in Odessa, TX.
    • Located east of Odessa Cross Fit on E 56th Street, offering excellent visibility and accessibility.
    • Asking price: $2,122,243 ($12/sq ft).
    • Zoning and permitted uses require independent verification.
    • Address: 56th Street, Odessa, TX 79762 (Ector County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.31861
    Latitude
    31.91178

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    FAQs

    What type of property is this?
    Land - 4.06 Acres, Excellent Location
    Where is this land located?
    The property is located at 56Th St Odessa, TX.
    What is the asking price?
    The asking price for this property is $2,122,243.
    What are key features of this property?
    This property features: 4.06-acre commercial land parcel in Odessa, TX.; Located east of Odessa Cross Fit on E 56th Street, offering excellent visibility and accessibility.; Asking price: $2,122,243 ($12/sq ft).
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    56Th St 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
    56Th St Odessa, TX 79762
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