850 I-20 PenwellOdessa, TX 79763
- Industrial properties
- 4,000 SF
Property Details for 850 I-20 Penwell
- Year built
- 1999
- Lot size
- 5.00 AC
- Property size (Sq ft)
- 4,000 SF
- Property type
- Industrial properties
- Property subtype
- Other retail properties
Description
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
Location Insight
- City
- Odessa
- County
- Ector
- State
- Texas
- Latitude
- 31.7336
- Longitude
- -102.607
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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