901 3Rd StOdessa, TX 79763

Property Details for 901 3Rd St

Year built

2014

Lot size

0.42 AC

Property size (Sq ft)

5,000 SF

Zone code

EB6

Property type

Commercial real estate

APN

28400.00225.00000

APU

284000022500000

Description

This exceptional 5,000-square-foot flex/warehouse property in Odessa, Texas, presents a compelling investment opportunity. Boasting a substantial 10.08% cap rate, this newly renovated (2023) building sits on a 0.42-acre lot (APN: 284000022500000) and offers a blend of office and warehouse space ideal for a variety of businesses. The 1,905-square-foot office area includes three private offices, a reception area, a conference room, two restrooms, and a workroom. The 3,095-square-foot heated and cooled shop features two 12'x12' overhead doors, perfect for equipment storage and access. Currently leased to Trigon Industries, a CNC machinery supplier to the oil and gas industry, until October 31, 2026, providing immediate cash flow. Strategically located at the southwest corner of West 3rd Street and Bernice Avenue, this property enjoys easy access to Business 20 (West 2nd Street) and North County Road West, placing it within a thriving industrial area alongside established businesses such as Jet Specialty, Standard Industrial Manufacturing, and Abbott's Oilfield Supply. Built in 2014, this property offers a strong combination of modern amenities, a secure lease, and a prime location, making it an attractive investment for discerning buyers. The property's occupancy date is October 1, 2023.

• Alternative Use

  Use

  Valuation

  Residential

  $849,069

  Hospitality

  $777,743

  Educational

  $647,073

  Medical

  $669,327

  Retail

  $1,006,558

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8419

Longitude

-102.377

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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