2940 Fm 866 Odessa, TX 79763
This exceptional 2-acre commercial/industrial land parcel, located at 2940 S FM 866 in Odessa, Texas (zip code 79763, Ector County), is offered at an attractive price of $250,000. Designated as Lot 6, this property presents a significant opportunity for various commercial or industrial uses, as permitted under the EC2 zoning classification. The land boasts a readily accessible metered water system, simplifying connection for future development. This is a standalone offering, but note that two additional adjacent lots are also available for purchase: Lot 5 for $250,000 and Lot 7 for $299,000 (featuring power fencing and two gates). A combined purchase of all three lots (Lots 5, 6, and 7), encompassing a total of 6 acres, is also possible at a price of $699,000. The property's coordinates are 31.772566 latitude and -102.544961 longitude. This presents a compelling investment opportunity in a dynamic Texas market. Serious inquiries are encouraged.
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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Risks
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