2716 Judy Ave Odessa, TX 79764-2437

Property Details for 2716 Judy Ave

Year built

1984

Lot size

0.50 lot acres

Property size

2,250 SF

Zone code

EA2

Property type

Commercial real estate

APN

12500.00875.00000

APU

125000087500000

Description

This 6,050-square-foot warehouse in Odessa, Texas, presents a compelling investment opportunity. Located on a 0.96-acre lot, this Class C, single-tenant property boasts a 20-foot clear height ceiling, five grade-level doors, and a five-ton overhead crane. Built in 1984, the metal building also includes two water wells and a separate covered shed. The property features a fully fenced yard with partial asphalt paving, ideal for outdoor storage. With a 14.24% pro-forma cap rate and a vacant status, this asset offers significant potential for owner-occupancy or lease-up. Its convenient location just off Loop 338 provides easy access to major streets and Interstate 20, enhancing its appeal to a wide range of potential users. The asking price is $425,000, representing a fee simple ownership. This property is an excellent choice for investors seeking a strong return on investment in a desirable location. The 15% building coverage ratio on the 0.96-acre lot provides ample space for various uses. The property's features and location make it a highly attractive option for both owner-users and value-add investors looking to capitalize on the lease-up potential in the Odessa market.