0 Odessa/Penwell Odessa, TX 79763
This exceptional 50-acre commercial land parcel presents a unique investment opportunity in the thriving Odessa-Penwell area of Texas. Strategically located at the high-traffic intersection of I-20 West and FM 1053, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial developments. The asking price is $1,500,000, representing a land value of $30,000 per acre. Situated in Ector County, with a 79763 zip code, this expansive tract offers significant potential for developers seeking a prime location for retail, industrial, or mixed-use projects. The property's location within a rapidly growing region ensures strong future appreciation and a robust return on investment. Its size and prime location provide ample space for large-scale developments, catering to the increasing demand for commercial space in the Odessa-Penwell area. Detailed surveys and environmental reports are available upon request. Don't miss this chance to acquire a significant piece of prime commercial real estate in a dynamic Texas market. This property is ready for immediate development, offering a rare opportunity to capitalize on the area's continued growth and economic prosperity. Contact us today to learn more about this exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.