2564 Marco Ave Odessa, TX 79762

This exceptional value-add investment opportunity presents a 30,570 square foot self-storage facility situated on a 1.61-acre lot in Odessa, Texas. The property, built in 1978, boasts 164 units ranging in size from 10x15 to 10x40, catering to a diverse clientele. Currently operating at 57% occupancy, the facility shows a strong month-over-month lease-up trend. Recent improvements include new exterior lighting, fresh paint, upgraded security cameras, two new gates with Liftmaster gate motors, and an OpenTech access control system for efficient remote management. The property also includes a convenient 800 square foot on-site apartment with a full kitchen, ideal for an owner-operator or additional rental income. Located just one block from Interstate 20, this facility benefits from excellent visibility and accessibility. A completed Phase 1 environmental report is available for review. The expansive lot allows for significant expansion potential, with the possibility of adding up to 48 additional 8x10 storage units. Offered at $1,525,000, this represents a compelling below-replacement-cost opportunity at $49.89 per square foot. The property is ground-leased. Thirteen uncovered parking spaces are also available.