Auction Information
Online Bidding Site0.92 Acres in Odessa, TX
RealINSIGHT Marketplace Online Auction April 17-19, 2023
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Investment Highlights
Dollar General Adjacent Parcel in Odessa, Texas approximately Four Miles North of I-20
Near Signalized Intersection with Combined Traffic Counts of 15,509 VPD
Federal Opportunity Zone | Flexible Zoning
Dense demographics with 81,486 individuals and avg household income of $75,775 (5-mile radius)
High Growth Market | 17% Population Growth since 2010 and 14% Growth Expected 2022-2027 (5-Mile Radius)
Absolute $1 Auction NO RESERVE!
Offering Summary
Marcus & Millichap and RI Marketplace are pleased to present a 0.915-acre land parcel located adjacent to 3840 FM 1936 (the Property) in Odessa, Texas. The Property offers an exceptional investment opportunity via development in an affluent market and first bid ...
Marcus & Millichap and RI Marketplace are pleased to present a 0.915-acre land parcel located adjacent to 3840 FM 1936 (the Property) in Odessa, Texas. The Property offers an exceptional investment opportunity via development in an affluent market and first bid meets reserve!
The Property is vacant land and benefits from flexible zoning and being located within a federal opportunity zone. Dollar General is located immediately adjacent to the Property near the signalized intersection of FM 1936 and 42nd Street with combined traffic counts of 15,509 vehicles per day.
The Property is in Ector County, Texas just outside the city of Odessa approximately four miles north of I-20. Odessa is situated above the Permian Basin, a large sedimentary deposit that contains significant reserves of oil and natural gas. The Property benefits from being approximately three miles from major national retailers including H-E-B Grocery, Walmart, Planet Fitness, OReilly Auto Parts, and many others. As of 2022, there were approximately 81,486 residents with an average household income of $75,775 within a 5-mile radius. A 13.99% increase in the local population is projected over the next five years.
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