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1418 N Grant Ave 4,018 SF 100% Leased Industrial Building Odessa, TX 79761 $600,000 ($149.33/SF)

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INVESTMENT HIGHLIGHTS

Terrific Investment Opportunity

EXECUTIVE SUMMARY

Freestanding building. Building currently leased with $49,220 annual income/$4,101.67 per month. Income stream in place until until 03/31/2028. Tenant has three (3) five-year options to extend lease with 10% rental increases every five (5) years.

TX-Odessa_1418 N Grant Ave_flyer

TX-Odessa_Property Boundary_CAD

TX-Odessa_1418 N Grant Ave-Survey_Site Plan

PROPERTY FACTS

Price	$600,000	Building Class	C
Price Per SF	$149.33	Lot Size	0.19 AC
Sale Type	Investment	Rentable Building Area	4,018 SF
Sale Conditions	1031 Exchange Ground Lease (Leased Fee)	No. Stories	1
Property Type	Industrial	Year Built	1976
Property Subtype	Service General Retail Auto Repair General Retail Freestanding Industrial Warehouse	Parking Ratio	1.24/1,000 SF

Price	$600,000
Price Per SF	$149.33
Sale Type	Investment
Sale Conditions	1031 Exchange Ground Lease (Leased Fee)
Property Type	Industrial
Property Subtype	Service General Retail Auto Repair General Retail Freestanding Industrial Warehouse
Building Class	C
Lot Size	0.19 AC
Rentable Building Area	4,018 SF
No. Stories	1
Year Built	1976
Parking Ratio	1.24/1,000 SF

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Walk Score®

Very Walkable (75)

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PROPERTY TAXES

Parcel Number	06400-00180-00000	Improvements Assessment	$236,299
Land Assessment	$17,892	Total Assessment	$254,191

PROPERTY TAXES

Parcel Number

06400-00180-00000

Land Assessment

$17,892

Improvements Assessment

$236,299

Total Assessment

$254,191

ZONING

Zoning Code	Commercial (Commercial)
Commercial (Commercial)

Listing ID: 33828022
Date on Market: 11/11/2024
Last Updated:
Address: 1418 N Grant Ave, Odessa, TX 79761

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