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Prime Freestanding Retail Opportunity 515 42nd St 4,620 SF Retail Building Odessa, TX 79764 $710,000 ($153.68/SF)
Investment Highlights
- Frontage on 42nd Street
- Highlights: Large Show Room | Bar Style Countertops & Shelving | Convenient On-Site Parking | Active Exterior & Interior Security Cameras
- Newly Renovated (2025)
Executive Summary
Prime Freestanding Retail Opportunity! Built in 2005 and recently renovated, this well-maintained freestanding retail property offers a modern, move-in-ready space suitable for a wide range of commercial uses. Recent upgrades include new HVAC systems, enhanced lighting and electrical infrastructure, refreshed interior finishes, and a resurfaced parking lot. In addition to its prime location along a high-traffic corridor in Odessa, the property features a storage warehouse equipped with (2) Bay Doors, as well as an enclosed, climate-controlled storage room within the warehouse. This high-visibility site presents an excellent opportunity for retailers or service users seeking a quality standalone location with functional back-of-house space.
Located on a highly visible stretch of 42nd Street in Odessa, TX, 515 W 42nd St is a well-positioned, retail building offering approximately 4,620 SF on a 0.47-acre lot. The single-tenant building boasts approximately 60 feet of frontage along a high-traffic stretch of 42nd Street.
Located on a highly visible stretch of 42nd Street in Odessa, TX, 515 W 42nd St is a well-positioned, retail building offering approximately 4,620 SF on a 0.47-acre lot. The single-tenant building boasts approximately 60 feet of frontage along a high-traffic stretch of 42nd Street.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,620 SF
Building Class
B
Year Built/Renovated
2005/2025
Price
$710,000
Price Per SF
$153.68
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.47 AC
Zoning
EB2
Parking
7 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
60’ on 42nd St
Amenities
- Tenant Controlled HVAC
Nearby Major Retailers
Property Taxes
| Parcel Number | 42220-00070-00000 | Improvements Assessment | $103,648 |
| Land Assessment | $12,288 | Total Assessment | $115,936 |
Property Taxes
Parcel Number
42220-00070-00000
Land Assessment
$12,288
Improvements Assessment
$103,648
Total Assessment
$115,936
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Prime Freestanding Retail Opportunity | 515 42nd St
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