615 Sam Houston Ave Odessa, TX 79761-4434
This exceptional restaurant opportunity is located in the heart of downtown Odessa, Texas, at 615 N Sam Houston Ave, 79761. The property boasts a prime location just three blocks from numerous medical offices and other professional businesses, ensuring high foot traffic and visibility. This established restaurant features a spacious 2,924 square foot building situated on a 0.21-acre lot. Built in 1966 and extensively renovated in 2016, the property is in excellent condition and ready for immediate occupancy, with an anticipated occupancy date of August 19, 2024. The single-story building offers a comfortable and inviting atmosphere, complemented by an outdoor casual seating area with covered spaces, perfect for enjoying meals and drinks. The asking price is $649,000, translating to $221.96 per square foot. This represents a unique chance to acquire a thriving business in one of Odessa's most desirable locations. The property's strong history and prime location make it an ideal investment for experienced restaurateurs or those seeking a turnkey operation in a vibrant and growing market. Don't miss this chance to own a piece of Odessa's culinary scene.
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Rooster's Diner Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
EB6 · Odessa, TXOdessa. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.