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1551 Interstate 20 Service Rd - V&O Real Estate Development 1.5 Acres of Commercial Land Offered at $650,000 in Odessa, TX 79766
Investment Highlights
- Take advantage of a 1.5-acre lot with direct I-20 access, zoned for retail or quick-service development in Odessa, a top pick for corporate expansion.
- 1551 Interstate 20 Service Road offers excellent exposure with a high daily traffic count of over 35,000 vehicles and prime interstate visibility.
- Leverage Odessa’s development incentives, making costs lower upfront and providing long-term tax exemptions, up to 10 years, for qualified projects.
- Join a growing economy, where households have increased by 2.2% since 2020, and are expected to increase by 1.5% by 2029, within a 2-mile radius.
Executive Summary
The Odessa Development Corporation (ODC) offers incentives to fuel business growth, such as tax abatements, which help make large-scale developments more financially feasible. Sites that have a higher risk and are more complex to develop can leverage lower upfront costs. Along with the incentives to invest in Odessa, the market has experienced a steady increase in population, resulting in a more affluent consumer base. Within a 10-mile radius, the average household income is $90,894, contributing to $1,840,213,911 in consumer spending.
With high visibility, strong consumer spending, and development incentives from the city, this site offers a rare chance to capitalize on Odessa’s expanding retail market. For more information, please contact Roland Real Estate at 432-218-7414 or visit the website at https://www.roland-re.com/.
Property Facts
| Price | $650,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 1.50 AC |
| Zoning | PD - Planned Development | ||
| Price | $650,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.50 AC |
| Zoning | PD - Planned Development |
1 Lot Available
Lot $750000
| Price | $650,000 | Lot Size | 1.50 AC |
| Price Per AC | $433,333.33 |
| Price | $650,000 |
| Price Per AC | $433,333.33 |
| Lot Size | 1.50 AC |
1.5-acre lot on I-20 Service Rd in Odessa, TX with prime interstate frontage and easy access. Zoned for retail or quick-service use, offering high visibility and benefiting from city development incentives.
Description
Positioned along Interstate 20 with direct frontage and immediate highway access, this 1.5-acre commercial lot offers exceptional visibility in one of Odessa’s most active business corridors. The site is zoned for planned development, accommodating a variety of uses such as retail, quick-service restaurants, and service-based operations. Its location benefits from over 35,000 vehicles passing daily, ensuring strong exposure for future tenants or owners. The property is strategically located near US Highway 385 and Loop 338, providing seamless connectivity throughout the Permian Basin. Proximity to Midland International Air and Space Port, just 15 miles away, further enhances logistical convenience for regional and traveling customers. The tract features flat topography and utilities easily accessible, creating an attractive development-ready opportunity. Backed by Odessa’s economic growth initiatives, qualifying projects can leverage development incentives, including tax abatements and cost-reduction programs that improve overall returns. With continued population and household growth in the surrounding area, the property aligns perfectly with market demand for retail and service-oriented businesses.
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1551 Interstate 20 Service Rd - V&O Real Estate Development
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