850 I-20 Penwell Odessa, TX 79763
- Retail properties
- 4,000 SF
- 5.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 850 I-20 Penwell
- Year built
- 1999
- Lot size
- 5.00 lot acres
- Property size
- 4,000 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional commercial property, located at 850 W I-20 Penwell in Odessa, Texas, presents a unique investment opportunity. The 5-acre lot features three buildings totaling 4,000 square feet of retail space, ideal for a variety of uses. Built in 1999, the property boasts a main building with a shop area (85' x 39', 17' high ceilings), an office (10' x 15'), and a 14' x 12' bay door. Additional storage buildings are also included. The property benefits from prime Interstate 20 frontage, providing excellent visibility and accessibility. Three parking spaces are available. The asking price is $850,000, or $212.50 per square foot. The land value alone is $170,000 per acre. The property is offered with a ground lease, and the lease terms are negotiable. Additional acreage (up to 15+ acres) may be available. Rail access is available. Water tanks are needed
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
- -102.607
- Latitude
- 31.7336
