515 W 42nd St

515 W 42nd St, Odessa, TX 79764

Property Information

  • For Sale $1,300,000
  • Property Type Retail - Street Retail
  • Property Size 4,620 SF
  • Lot Size 0.47 Acre
  • Year Built 1958
  • Year Renovated 2025
  • Date Updated Sep 3, 2026

Description

Located on a highly visible stretch of 42nd Street in Odessa, TX, 515 W 42nd St is a well-positioned, retail building offering approximately 4,620 SF on a 0.47-acre lot. The single-tenant building boasts approximately 60 feet of frontage along a high-traffic stretch of 42nd Street.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.Prime Freestanding Retail Opportunity! Built in 2005 and recently renovated, this well-maintained freestanding retail property offers a modern, move-in-ready space suitable for a wide range of commercial uses. Recent upgrades include new HVAC systems, enhanced lighting and electrical infrastructure, refreshed interior finishes, and a resurfaced parking lot. In addition to its prime location along a high-traffic corridor in Odessa, the property features a storage warehouse equipped with (2) Bay Doors, as well as an enclosed, climate-controlled storage room within the warehouse. This high-visibility site presents an excellent opportunity for retailers or service users seeking a quality standalone location with functional back-of-house space.

Highlights

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

Contacts

Location

Located at 515 W 42nd St, Odessa, TX 79764, this property is part of the Odessa neighborhood and Midland Odessa market.

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