For Sale
$850,000

850 I-20 Penwell Odessa, TX 79763

Prime Retail & Land, Odessa, TX

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional commercial property, located at 850 W I-20 Penwell in Odessa, Texas, presents a unique investment opportunity. The 5-acre lot features three buildings totaling 4,000 square feet of retail space, ideal for a variety of uses. Built in 1999, the property boasts a main building with a shop area (85' x 39', 17' high ceilings), an office (10' x 15'), and a 14' x 12' bay door. Additional storage buildings are also included. The property benefits from prime Interstate 20 frontage, providing excellent visibility and accessibility. Three parking spaces are available. The asking price is $850,000, or $212.50 per square foot. The land value alone is $170,000 per acre. The property is offered with a ground lease, and the lease terms are negotiable. Additional acreage (up to 15+ acres) may be available. Rail access is available. Water tanks are needed

Highlights

  • 14' x 12' bay door.
  • 17' clear ceiling height.
  • 85' x 39' shop space.
  • 10' x 15' office within shop.
  • 14' high x 12' wide shop door.

Property Details for 850 I-20 Penwell

Property type
Retail properties, Land
Square Feet
4,000 SF
Year Built
1999
Buildings
3
Lot Size (sq. ft)
217,800 SF

Location Insight

City
Odessa
County
Ector
State
Texas
Latitude
31.7336386
Longitude
-102.6071066

FAQs

What type of property is this?
Retail property - Prime Retail & Land, Odessa, TX
Where is the retail property located?
The property is located at 850 I-20 Penwell Odessa, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 14' x 12' bay door.; 17' clear ceiling height.; 85' x 39' shop space.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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850 I-20 Penwell
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