1306 7Th StOdessa, TX 79761

Property Details for 1306 7Th St

Year built

2001

Lot size

0.20 AC

Property size (Sq ft)

1,440 SF

Zone code

EE2

Property type

Drive through restaurants

APN

27750.01000.00000

APU

277500100000000

Description

This established Odessa, Texas restaurant presents a compelling investment opportunity. Priced at $495,000, this 1,440 square foot, single-story building sits on a 0.21-acre lot zoned for commercial use. Built in 2001, the property boasts a prime location just off Dixie Blvd and 7th Street, a high-traffic area surrounded by numerous restaurants and grocery stores. Its proximity to the revitalized downtown Odessa ensures consistent customer flow. The property's current use is as a BBQ restaurant, benefiting from excellent street frontage on 7th Street, maximizing visibility and attracting significant traffic. The location offers potential for expansion, with adjacent acreage available. This turnkey operation is ideal for an investor seeking a profitable venture in a thriving commercial district. The property features a price per square foot of $343.75. The commercial zoning allows for flexibility in future uses. This is a rare opportunity to acquire a well-established business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $314,046

  6.5%

  $289,889

  7%

  $269,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $323,748

  Geo Method

  $824,717

• Alternative Use

  Use

  Valuation

  Residential

  $244,532

  Hospitality

  $223,990

  Educational

  $186,357

  Medical

  $192,766

  Retail

  $289,889

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8563

Longitude

-102.358

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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