Office/Medical Building in Odessa | 214 W 5th St
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Office/Medical Building in Odessa 214 W 5th St
5,200 SF Office Building Odessa, TX 79761 $920,000 ($177/SF)
Investment Highlights
- Less than 1/2 mile from Starbucks, Medical Center Hospital, Odessa Marriott, Torchy's Tacos, and Scooter's Coffee
- Great investment opportunity
- Opportunity to customize a full build-out
Executive Summary
Excellent location for an office or medical space in Odessa, right down the road from Starbucks, Torchy’s Tacos, Scooter’s Coffee, the Medical Center Hospital, and the Odessa Marriott. The Odessa Development Corporation has an incentive for revitalization in downtown Odessa by providing $250,000 grants to be used (post closing) on improving existing property infrastructure. Buyer could take advantage of this grant to renovate the interior of this property. This space totals 5,200 SF on 0.18 Acres. The property was renovated in 2017 on the exterior with paint, windows, and pavement. The interior was completely stripped making it a clean slate for your needs. Utilities include city water, city sewer, and has internet. There are 9 paved & striped parking spots.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
5,200 SF
Building Class
B
Year Built
1963
Price
$920,000
Price Per SF
$177
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,600 SF
Building FAR
0.66
Land Acres
0.18 AC
Zoning
Central Business
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PROPERTY TAXES
| Parcel Number | 22000-00825-06000 | Improvements Assessment | $279,259 (2023) |
| Land Assessment | $26,878 (2023) | Total Assessment | $306,137 (2023) |
PROPERTY TAXES
Parcel Number
22000-00825-06000
Land Assessment
$26,878 (2023)
Improvements Assessment
$279,259 (2023)
Total Assessment
$306,137 (2023)
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Amy Brasher Barnett -
Power Broker Justin Dodd -
NRG Realty Group, LLC
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Office/Medical Building in Odessa | 214 W 5th St
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