119 6Th StOdessa, TX 79761

Property Details for 119 6Th St

Year built

1946

Lot size

0.07 AC

Property size (Sq ft)

1,408 SF

Zone code

EE1

Property type

Office buildings

APN

22000.01580.00000

APU

220000158000000

Description

This exceptional 1,408 square foot office building presents a compelling investment opportunity in the thriving city of Odessa, Texas. Situated on a conveniently sized 0.07-acre lot at 119 W 6th St, this property offers significant potential for a variety of uses. The building's substantial square footage provides ample space for a single tenant or can be easily subdivided to accommodate multiple businesses. Its prime location within Odessa ensures high visibility and accessibility, attracting a diverse clientele. The asking price of $198,000 represents an attractive entry point into the Odessa commercial real estate market, offering a strong return on investment. This property is ideal for owner-occupiers seeking a functional workspace or investors looking to add a stable asset to their portfolio. The building's condition and specific features will be detailed upon request, allowing prospective buyers to thoroughly assess its suitability for their needs. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers. Don't miss this chance to acquire a valuable piece of Odessa commercial real estate. Act quickly, as opportunities like this are rare.

• CAP approach

  CAP return

  Valuation

  6%

  $208,889

  6.5%

  $192,821

  7%

  $179,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $125,616

  Geo Method

  $319,996

• Alternative Use

  Use

  Valuation

  Residential

  $239,098

  Hospitality

  $219,012

  Educational

  $182,216

  Medical

  $188,482

  Retail

  $283,447

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8487

Longitude

-102.371

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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