5901 Golder AveOdessa, TX 79764

Property Details for 5901 Golder Ave

Year built

1960

Lot size

0.58 AC

Property size (Sq ft)

1,088 SF

Zone code

EA5

Property type

Turn key restaurants

APN

11300.00640.00000

APU

113000064000000

Description

This exceptional 1,748 square foot quick-service restaurant/restaurant property is available for $375,000. Located at 5901 N Golder Ave, Odessa, TX 79764, this single-story building sits on a 0.58-acre lot. Built in 1960 and extensively renovated in 2024, the property is move-in ready with an occupancy date of August 19, 2024. Its prime location on a highly trafficked road offers excellent visibility and accessibility. The property benefits from its proximity to the Ector County Coliseum, ensuring a consistent flow of potential customers. The asking price of $375,000 translates to $214.53 per square foot. Owner financing is available, making this an attractive investment opportunity for qualified buyers. This turnkey operation presents a unique chance to acquire a well-maintained, updated restaurant in a thriving location. The property is ready for immediate operation, eliminating the need for extensive renovations or upgrades. Don't miss this chance to own a successful business in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $237,279

  6.5%

  $219,027

  7%

  $203,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $244,609

  Geo Method

  $623,120

• Alternative Use

  Use

  Valuation

  Residential

  $184,757

  Hospitality

  $169,237

  Educational

  $140,803

  Medical

  $145,646

  Retail

  $219,027

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8975

Longitude

-102.399

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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