For Auction

REIT Sale | Former Pizza Hut | 26K VPD | Signalized Corner | Midland, TX CSA

2113 Andrews Highway,
Odessa, TX 79761

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
1976
Year Built
2
Building Count
29
Parking Spots
26,406
Vehicles Per Day
0.45 Acres
Land Area
4,968 SF
Property Size

Investment Highlights

Two-Building Retail Repositioning Play
±3,144 SF former Pizza Hut plus separate ±1,824 SF building for added flexibility.
Signalized Hard Corner with 26K+ VPD
Andrews Highway and W 23rd Street deliver ±26,406 combined VPD and prominent corridor exposure.
Odessa College and Medical Demand Drivers
Across from ±10,000 students and ±2 miles from 402-bed Medical Center Hospital in central Odessa.
Regional Access via Loop 338 and I-20
±2 miles to Loop 338 and ±3 miles to I-20 connect the site across Odessa and the Midland market.
Dense Five-Mile Consumer Trade Area
±112,237 residents with average household income of ±$97,786 support retail and service demand.
Absolute $1 Auction
First Bid Meets Reserve!

Offering Summary

For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.

 

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 2113 Andrews Highway in Odessa, Texas is a vacant two-building commercial property totaling ±4,968 square feet, positioned for restaurant reuse, lease-up, owner-user occupancy, or repositioning. The offering includes a ±3,144-square-foot former Pizza Hut and a separate ±1,824-square-foot concrete-block building on ±0.452 acres, with approximately 29 parking spaces and a pylon sign. The signalized hard-corner site provides ±134 feet of frontage along Andrews Highway, which carries ±22,018 VPD, plus visibility from W 23rd Street at ±4,388 VPD, for approximately 26,406 combined VPD. Positioned directly across from Odessa College and its ±10,000 students, the Property also benefits from proximity to Medical Center Hospital, Odessa Regional Medical Center, and the University of Texas Permian Basin. LC Light Commercial zoning supports restaurant, retail, and service-oriented concepts, subject to applicable approvals. Loop 338 is approximately two miles away, I-20 is about three miles away, and Midland International Air & Space Port is roughly 20 minutes from the site. Nearby retail includes Walmart, H-E-B, Walgreens, Planet Fitness, and McDonald's. Within five miles, the trade area includes ±112,237 residents with average household income of ±$97,786, while CoStar estimates retail market rents at $20-$24/SF NNN.

Due Diligence

Location

Odessa is an Ector County commercial, healthcare, and education hub serving the Permian Basin and broader West Texas region. Andrews Highway, Loop 338, and I-20 connect the city with Midland and regional employment centers, while Odessa College, major hospitals, energy-service businesses, and established retail corridors support recurring consumer and daytime activity.

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $20,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

Need Help?

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Auction Opens In
46d 17h 39m 46s
$1
Starting Bid
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Investment Sales Brokers

TS
Tim Speck
Marcus & Millichap
TX License: 9002994

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.