515 W 42nd St, Odessa, TX for sale

Investment Overview

Prime freestanding retail investment opportunity featuring a well-maintained 4,620 SF building originally constructed in 2005 and recently renovated. The property is 100% leased on a new 5-year lease, providing stable income for investors. Recent improvements include new HVAC systems, upgraded lighting and electrical infrastructure, refreshed interior finishes, and a resurfaced parking lot. The building also features a warehouse with two bay doors and an enclosed, climate-controlled storage room, adding valuable back-of-house functionality. Situated along a high-traffic corridor in Odessa, this property combines a strong tenant commitment, modern upgrades, and excellent visibility, making it an outstanding investment opportunity.

Investment Highlights

• 100% Leased | 5-Year Lease in Place
• 4,620 SF Freestanding Retail Building
• 0.47-Acre Site
• Newly Renovated (2025)
• Approximately 60' of Frontage on 42nd Street
• Large Showroom with Bar-Style Countertops & Shelving
• Warehouse with (2) Bay Doors & Climate-Controlled Storage
• Convenient On-Site Parking
• Active Interior & Exterior Security Cameras
• Excellent Visibility Along a High-Traffic Corridor