201-219 1St St Odessa, TX 79761
- Warehouses
- 11,372 SF
Current Use by Public Records
- Warehouses
Property Details for 201-219 1St St
- Year built
- 1983
- Property size
- 11,372 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional Odessa, Texas property, located at 201-219 W 1st St, offers a unique investment opportunity. The property consists of two metal buildings totaling over 11,372 square feet on a lot owned by the railroad. The larger building boasts approximately 7,000 square feet of warehouse space, 2,000 square feet of office space, and a 1,500-square-foot mezzanine for additional storage. This building is equipped with a 5-ton crane and a 16' x 14' automatic overhead door, ideal for various industrial uses. The second building provides an additional 1,800 square feet of warehouse space. The property benefits from a convenient location parallel to 1st Street and features direct access to an active railroad line. The seller pays approximately $5,500 annually to the railroad for land use. Built in 1983, this two-story property is zoned for industrial, mixed-use, office, and retail purposes, making it suitable for a variety of businesses. The property is being sold as-is. Potential buyers are responsible for verifying taxes, restrictions, zoning, utilities, easements, and other relevant details. The asking price is $450,000, with a price per square foot of $39.57. The property's APN is BL400.19544.00000. This multi-tenant property presents a compelling opportunity for investors seeking a versatile industrial space with excellent access to transportation.
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
- -102.369
- Latitude
- 31.8435
