2559 I-20 Odessa, TX 79766
This exceptional 15,216-square-foot warehouse and office facility in Odessa, Texas, sits on a 5.1-acre lot and offers a unique blend of functionality and convenience. Built in 1978 and renovated in 1997, the single-story building boasts a spacious layout ideal for various industrial uses, particularly chemical companies or general oilfield services. The property includes approximately 11,675 square feet of enclosed shop space equipped with a three-ton crane, enhancing operational efficiency. A drive-through bay and over 10,000 square feet of covered awning space provide ample storage and protection from the elements. The interior features eight offices (including two large ones), conference rooms, a reception area, a break room, a substantial lab and blending room, and a second-floor mezzanine for storage and safety. Exterior improvements include a fully fenced and rocked yard, paved parking and drives, and a prominent monument sign along IH-20 frontage, ensuring high visibility. The property also benefits from two overhead exterior doors (one 12' x 12' and one 12' x 16'), multiple forklift overhead doors, and 240V, 3-phase power. The asking price is $700,000, translating to $65.40 per square foot. This property presents a compelling investment opportunity for owner-users seeking a well-equipped and strategically located industrial space. The convenient IH-20 frontage provides excellent ingress/egress, just west of South County Road.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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