4710 Andrews HwyOdessa, TX 79762

Property Details for 4710 Andrews Hwy

Year built

1962

Lot size

1.99 AC

Property size (Sq ft)

2,024 SF

Zone code

ED1

Property type

Office buildings

APN

32550.00010.00000

APU

325500001000000

Description

This exceptional industrial property, located at 4710 Andrews Hwy in Odessa, Texas, presents a compelling investment opportunity. The 6,325-square-foot warehouse building sits on a two-acre lot, offering ample space for various industrial or manufacturing uses. The building features a blend of office and warehouse space, providing flexibility for diverse operational needs. Built in 1962 and completely renovated in 2018, the property is in excellent condition. Its strategic location offers significant advantages. Situated on the western edge of the lot, the building maximizes the remaining land's potential. The property boasts 108 feet of frontage on US Highway 385, a major thoroughfare with high visibility and significant traffic. Specifically, the property benefits from its proximity to US Highway 385, Highway 191, and Loop 338, ensuring easy access to major transportation routes. The high traffic count, with an Annual Average Daily Traffic (AADT) of 18,946 on US Highway 385 in 2022, further enhances the property's appeal. This prime location within Ector County, Texas, zip code 79762, offers exceptional visibility and accessibility, making it an ideal choice for businesses seeking a strategic presence in the Odessa market. The asking price for this remarkable property is $625,000, translating to $98.81 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $300,278

  6.5%

  $277,180

  7%

  $257,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $180,574

  Geo Method

  $459,994

• Alternative Use

  Use

  Valuation

  Residential

  $343,703

  Hospitality

  $314,830

  Educational

  $261,935

  Medical

  $270,944

  Retail

  $407,455

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8885

Longitude

-102.385

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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