Stan Johnson Company is pleased to offer for sale the 55.85-acre parcel of retail land located in Odessa, Texas (“Property”). The Property is located in the rapidly growing east side of Odessa, strategically positioned between Midland and Odessa, two of the top 5 fastest growing metros in the United States. This premier site is highly visible and directly accessible off Hwy 191 (32K+ VPD) that connects the two cities. Due to Odessa's continual expansion towards Midland and vice versa, an additional overpass is expected to be completed by 2021. This will provide two direct exits on each end of the Property. Residential construction has and is expanding on Odessa's east side. Several thousand more single-family homes and apartment units are currently underway in the surrounding area. Retail development is in high demand as the current population is well underserved in many retail oriented services. This acquisition provides developers with the opportunity to enter into an undersupplied retail market in the optimal position to realize both immediate and long-term growth potential.
