2201 E 8Th St Odessa, TX 79761
- Showrooms
- 3,150 SF
- 0.72 lot acres
Current Use by Public Records
- Blue Whale Hand Car Wash / Car Wash
Property Details for 2201 E 8Th St
- Year built
- 1962
- Lot size
- 0.72 lot acres
- Property size
- 3,150 SF
- Zone code
- EE3
- Property type
- Showrooms
- APN
- 21800.00365.00000
- APU
- 218000036500000
Description
This exceptional 3,150 square foot executive office building, situated on a sizable 0.72-acre corner lot in Odessa, Texas, presents a compelling investment opportunity. Built in 1967, the single-story structure boasts ample covered and asphalt parking, catering to both employees and clients. The interior features numerous rooms, each equipped with windows, providing excellent natural light and a pleasant work environment. A dedicated conference room facilitates efficient meetings and collaborations. Adding to its versatility, a rear garage offers potential for vehicle maintenance, a workshop, or additional storage space, accessible via two bay doors. The property is serviced by city water and sewer. Its strategic location ensures high visibility and accessibility, making it ideal for a variety of businesses. The asking price is $770,000, translating to $209.52 per square foot and $916,666.67 per acre. A 5-year NNN lease is available. This property's diverse functionality and prime location make it an attractive investment for discerning buyers seeking a strong return. The building's adaptable layout is well-suited for various uses, including car dealerships, salons, multi-stylist hair salons, or office spaces requiring a conference room. The ample parking and convenient access points further enhance its appeal. This is a rare opportunity to acquire a well-maintained commercial property in a thriving Texas market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $665,000
- 6.5%
- $610,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $545,000
Market price range: $188k - $545k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $530,000
- AUTO REPAIR, GARAGE
- $390,000
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Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.342
- Latitude
- 31.8624
- CBSA code
- 36220
- CBSA name
- ODESSA, TX METROPOLITAN STATISTICAL AREA