214 5Th St Odessa, TX 79761
- Office buildings
- 2,600 SF
- 0.18 lot acres
Current Use by Public Records
- Office buildings
Property Details for 214 5Th St
- Year built
- 1963
- Lot size
- 0.18 lot acres
- Property size
- 2,600 SF
- Zone code
- EE1
- Property type
- Office buildings
- APN
- 22000.00825.06000
- APU
- 220000082506000
Description
This 5,200 sq ft, two-story Class B office building in Odessa, TX, presents a unique owner-user opportunity. Located on a 0.18-acre lot at 214 W 5th St, 79761, this property boasts a central business zoning designation and is ideally situated near major amenities including Starbucks, Torchy's Tacos, Scooter's Coffee, Medical Center Hospital, and the Odessa Marriott. The building, constructed in 1963 and extensively renovated in 2017 (exterior paint, windows, pavement), offers a blank canvas for customization. The interior has been completely stripped, allowing for a full build-out to suit specific business needs. Nine paved parking spaces are available. Utilities include city water, sewer, and internet access. This property is eligible for a $250,000 grant from the Odessa Development Corporation for revitalization projects, post-closing, making it an exceptional investment opportunity. The asking price is $920,000 ($176.92/sq ft). The property is suitable for executive, medical, or traditional office uses.
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
- -102.372
- Latitude
- 31.8476
- CBSA code
- 36220
- CBSA name
- ODESSA, TX METROPOLITAN STATISTICAL AREA
