For Sale
$450,000

201-219 1St StOdessa, TX 79761

Multi-use industrial complex, 11,372 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Odessa, Texas property, located at 201-219 W 1st St, offers a unique investment opportunity. The property consists of two metal buildings totaling over 11,372 square feet on a lot owned by the railroad. The larger building boasts approximately 7,000 square feet of warehouse space, 2,000 square feet of office space, and a 1,500-square-foot mezzanine for additional storage. This building is equipped with a 5-ton crane and a 16' x 14' automatic overhead door, ideal for various industrial uses. The second building provides an additional 1,800 square feet of warehouse space. The property benefits from a convenient location parallel to 1st Street and features direct access to an active railroad line. The seller pays approximately $5,500 annually to the railroad for land use. Built in 1983, this two-story property is zoned for industrial, mixed-use, office, and retail purposes, making it suitable for a variety of businesses. The property is being sold as-is. Potential buyers are responsible for verifying taxes, restrictions, zoning, utilities, easements, and other relevant details. The asking price is $450,000, with a price per square foot of $39.57. The property's APN is BL400.19544.00000. This multi-tenant property presents a compelling opportunity for investors seeking a versatile industrial space with excellent access to transportation.

Highlights

  • Exceptional Odessa, TX investment opportunity: Two metal buildings totaling 11,372 square feet on railroad-owned land.
  • Larger building features 7,000 SF warehouse, 2,000 SF office, and 1,500 SF mezzanine; includes 5-ton crane and 16' x 14' overhead door.
  • Second building offers an additional 1,800 SF of warehouse space.
  • Convenient location on 1st Street with direct railroad access; seller pays $5,500 annual land use fee.
  • 1983 construction; zoned for industrial, mixed-use, office, and retail; $450,000 asking price ($39.57/SF); APN BL400.19544.00000; sold as-is.

Property Details for 201-219 1St St

Property type
Warehouses, Retail properties
Square Feet
11,372 SF
Year Built
1983
Buildings
2
Stories
2

Location Insight

City
Odessa
County
Ector
State
Texas
Latitude
31.8435233
Longitude
-102.369052
201-219 1St St, Odessa, Texas

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201-219 1St St
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