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    2604 8Th St Odessa, TX 79761

    For Sale
    $720,000

    Prime 1,875 SF Storefront, High Traffic Area

    Property size:
    1,875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1,875-square-foot storefront retail building presents a compelling investment opportunity in Odessa, Texas. Located at 2604 E 8th St, this property boasts a prime location on a 1.04-acre lot, offering significant visibility and accessibility. Currently leased to Enterprise Rent-A-Car, the building provides a stable income stream. The property features 270 feet of frontage along East 8th Street, a major thoroughfare with an average daily traffic count of 18,225 vehicles (2023 data). Its strategic position near the intersection of Highway 80 ensures high traffic volume and excellent exposure. The building, constructed in 2001, is a single-story structure. The lot is paved and fenced, providing ample space and security. City utilities (water and sewer), along with police and fire protection, are readily available. This property offers a blend of convenience, visibility, and strong potential for long-term value, making it an ideal addition to any investment portfolio. The building includes 1,000 square feet of office space and 875 square feet of warehouse space. Asking price is $720,000.

    Property Features for 2604 8Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,875 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    2001
    Stories
    1

    HighLights

    • 1,000 SF of office space and 875 SF of warehouse space.
    • City utilities, including water and sewer, plus police and fire protection.
    • Paved and fenced lot.
    • 270 feet of frontage on E. 8th Street.
    • High traffic count: 18,225 average daily vehicles on E. 8th Street (2023 data).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Enterprise Rent-A-Car Car Rental Agency Enterprise Truck Rental Van Rental Agency

    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
    -102.33176726997
    Latitude
    31.864127183975

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    FAQs

    What type of property is this?
    Individual retail property - Prime 1,875 SF Storefront, High Traffic Area
    Where is this individual retail property located?
    The property is located at 2604 8Th St Odessa, TX.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: 1,000 SF of office space and 875 SF of warehouse space.; City utilities, including water and sewer, plus police and fire protection.; Paved and fenced lot.
    Request Owner's contact information
    2604 8Th St Odessa, TX 79761
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    Odessa, TX 79761
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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
    2604 8Th St Odessa, TX 79761
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