5450 Fm 866 Odessa, TX 79764
- Land
- 12.00 lot acres
Current Use by Public Records
- Land
Property Details for 5450 Fm 866
- Lot size
- 12.00 lot acres
- Property type
- Land
Description
This exceptional 12-acre commercial land parcel is ideally situated at 5450 N FM 866 in Odessa, Texas, zip code 79764. The property boasts significant highway frontage on FM 866, offering excellent visibility and accessibility. The land is already cleared and features a caliche lay-down yard, a water well, and fencing on the front and sides. There are no known restrictions on the property. Its strategic location provides easy access to University Avenue and Highway 302 West, as well as convenient access to Interstate 20 West heading south. This presents a unique opportunity for various commercial ventures, capitalizing on the substantial growth experienced in West Odessa and the Penwell area, fueled by the influx of new industrial plants. Note that an additional 24 acres are available for purchase, bringing the total potential acreage to 36. The additional acreage includes a framed shop with an 8-inch cement foundation and a three-phase 480-600 amp electrical service currently in progress. The entire property has been surveyed. This is a rare opportunity that won't last long. The asking price for this 12-acre parcel is $990,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.57
- Latitude
- 31.8517
