850 I-20 PenwellOdessa, TX 79763

For Sale
$850,000

Prime Retail & Land, Odessa, TX

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property, located at 850 W I-20 Penwell in Odessa, Texas, presents a unique investment opportunity. The 5-acre lot features three buildings totaling 4,000 square feet of retail space, ideal for a variety of uses. Built in 1999, the property boasts a main building with a shop area (85' x 39', 17' high ceilings), an office (10' x 15'), and a 14' x 12' bay door. Additional storage buildings are also included. The property benefits from prime Interstate 20 frontage, providing excellent visibility and accessibility. Three parking spaces are available. The asking price is $850,000, or $212.50 per square foot. The land value alone is $170,000 per acre. The property is offered with a ground lease, and the lease terms are negotiable. Additional acreage (up to 15+ acres) may be available. Rail access is available. Water tanks are needed

Highlights

  • 14' x 12' bay door.
  • 17' clear ceiling height.
  • 85' x 39' shop space.
  • 10' x 15' office within shop.
  • 14' high x 12' wide shop door.

Property Details for 850 I-20 Penwell

Property type
Other retail properties, Other land
Square Feet
4,000 SF
Year Built
1999
Buildings
3
Lot Size (sq. ft)
217,800 SF

Location Insight

City
Odessa
County
Ector
State
Texas
Latitude
31.7336386
Longitude
-102.6071066
850 I-20 Penwell, Odessa, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
850 I-20 Penwell
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message