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    601 E 42Nd St Odessa, TX 79762

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    601 E 42Nd St Odessa, TX 79762


    • Strip malls
    • 70,873 SF
    • 6.39 lot acres
    Remodeled Shopping Center Space Available For Lease
    $2,315,000

    Remodeled Shopping Center Space Available

    Remodeled shopping center with diverse co-tenants on 42nd Street.

    601 E 42nd St, Odessa, TX 79762
    View Listing
    Property ID
    US82-2688476
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • O'Reilly Auto Parts / Auto Parts Store
    • Volcano Korean BBQ & SUSHI (All You Can Eat) / Restaurant

    Property Details for 601 E 42Nd St

    Year built
    1965
    Lot size
    6.39 lot acres
    Property size
    70,873 SF
    Zone code
    ED1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    28600.00384.00000
    APU
    286000038400000

    Description

    This exceptional 100,000 square foot retail center, located in Odessa, Texas, presents a unique investment opportunity. Situated at the prominent corner of 42nd Street and N. Dixie Street in Ector County, this property boasts a prime location with high visibility and accessibility. Recently renovated in 2019, the center offers multiple tenancy options with three spaces currently available, ranging from 1,470 to 3,636 square feet. The property's strong tenant mix includes established businesses such as O'Reilly Auto Parts, Crab City, Presotea, Smoothie King, and Volcano Korean BBQ, ensuring a vibrant and thriving shopping environment. The center's modern design and convenient location attract a diverse customer base, making it an ideal investment for both established businesses and new ventures seeking a high-traffic location. The property's address is 601 E 42nd St, Odessa, TX 79762. This retail and office space offers a compelling opportunity to capitalize on the robust commercial activity in this thriving Texas city. The property's recent renovations ensure modern amenities and a well-maintained environment, attracting both tenants and customers. The diverse range of existing tenants creates a synergistic environment, further enhancing the overall appeal and value of the property.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,490,000
      Current use

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.375
    Latitude
    31.8853
    CBSA code
    36220
    CBSA name
    ODESSA, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $98,750
    $1,004,995
    $3,679,111
    $4,684,106
    -
    $1,004,995
    $3,679,111
    $4,684,106
    View Listing
    More about this property
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