For Sale
$1,525,000

2564 Marco Ave Odessa, TX 79762

High-return flex space investment. Prime location.

Overview

Added:
Feb 16
Days on market:
71
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.

Highlights

  • $1,525,000 asking price for a 30,570 square foot flex space business opportunity in Odessa, TX.
  • Value-add investment opportunity with a price per square foot of $49.89 and 57% occupancy.
  • Recently renovated with new exterior lighting, paint, security cameras, and gates; remotely managed.
  • 1.61-acre lot with expansion potential for additional storage units. Includes an 800 square foot on-site apartment.
  • Prime location one block from Interstate 20; 164 units ranging from 10x15 to 10x40.
  • Clean Phase 1 environmental report available. Ground lease property. Built in 1978.

Property Details for 2564 Marco Ave

Property type
Self storage facilities, Industrial properties
Square Feet
30,570 SF
Year Built
1978
Lot Size (sq. ft)
70,132 SF

Location Insight

City
Odessa
County
Ector
State
Texas
Latitude
31.885655647853
Longitude
-102.29402266007

FAQs

What type of property is this?
Self storage facility - High-return flex space investment. Prime location.
Where is the self storage facility located?
The property is located at 2564 Marco Ave Odessa, TX.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: $1,525,000 asking price for a 30,570 square foot flex space business opportunity in Odessa, TX.; Value-add investment opportunity with a price per square foot of $49.89 and 57% occupancy.; Recently renovated with new exterior lighting, paint, security cameras, and gates; remotely managed.
How can I contact the broker?
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2564 Marco Ave
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