850 I-20, Penwell, TX 79776

Property Details for 850 I-20

Year built

1999

Lot size

0.29 lot acres

Property type

Commercial real estate

Description

This exceptional commercial property boasts 4,000 square feet of versatile space, ideally situated on 0.29 acres of land with prime Interstate 20 West frontage just outside Odessa, Texas. The property features a main building encompassing a shop and office area, complemented by a mezzanine level for additional storage or office space. Separate storage buildings provide ample room for inventory or equipment. Multiple access points from the I-20 West service road ensure convenient accessibility for both customers and employees. Rail access is available, although a spur is not currently present. The property is offered for both sale and lease. The sale price for the 0.29-acre parcel is $779,000. An expanded offering of up to 5+ acres is also available for purchase, priced at $890,000. Lease options are available for the 0.29-acre parcel at $6,000 per month, or for a larger 5+ acre parcel at $8,900 per month. Potential buyers or lessees should note that water tanks will be needed, as a well is not currently on the property. This property presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation routes. Its versatile layout and ample storage make it suitable for a wide range of commercial uses. Contact us today to schedule a viewing and explore the possibilities.

Location Insight

City

Penwell

County

Ector

State

Texas

Longitude

-102.613

Latitude

31.8491