For Sale
$920,000

214 5Th St Odessa, TX 79761

Versatile Office Space, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
133
This 5,200 sq ft, two-story Class B office building in Odessa, TX, presents a unique owner-user opportunity. Located on a 0.18-acre lot at 214 W 5th St, 79761, this property boasts a central business zoning designation and is ideally situated near major amenities including Starbucks, Torchy's Tacos, Scooter's Coffee, Medical Center Hospital, and the Odessa Marriott. The building, constructed in 1963 and extensively renovated in 2017 (exterior paint, windows, pavement), offers a blank canvas for customization. The interior has been completely stripped, allowing for a full build-out to suit specific business needs. Nine paved parking spaces are available. Utilities include city water, sewer, and internet access. This property is eligible for a $250,000 grant from the Odessa Development Corporation for revitalization projects, post-closing, making it an exceptional investment opportunity. The asking price is $920,000 ($176.92/sq ft). The property is suitable for executive, medical, or traditional office uses.

Highlights

  • High-quality office or medical space available.
  • Prime location, less than half a mile from major amenities including Starbucks, Medical Center Hospital, Odessa Marriott, Torchy's Tacos, and Scooter's Coffee.
  • Full build-out customization options available.
  • Excellent investment opportunity.

Property Details for 214 5Th St

Property type
Office properties, Medical offices
Square Feet
5,200 SF
Class
B
Year Built/Renovated
1963/2017
Buildings
1
Stories
2
Lot Size (sq. ft)
7,884 SF

Location Insight

City
Odessa
County
Ector
State
Texas
Latitude
31.847524396628
Longitude
-102.37125457134

FAQs

What type of property is this?
Office property - Versatile Office Space, Prime Location
Where is the office property located?
The property is located at 214 5Th St Odessa, TX.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: High-quality office or medical space available.; Prime location, less than half a mile from major amenities including Starbucks, Medical Center Hospital, Odessa Marriott, Torchy's Tacos, and Scooter's Coffee.; Full build-out customization options available.
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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214 5Th St
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