1229 E 10th Street, Odessa, TX

Retail for Sale - $720,000


Agent Info

Eric Eberhardt
Coldwell Banker Commercial Capital Advisors

Property Info

CIMLS#1100582
Location
  1229 E 10th Street
  Odessa TX 79761
UpdatedAugust 25th, 2021
TypeRetail
Price$720,000

Contact


Property Description

Highlights Sales Price - $720,000 Cap Rate- 9.02% Value-add through lease up Gross Leases Low average rent/sf ($5.40/sf on occupied spaces) Priced below replacement cost ($32.95/sf) Located just over a mile from Odessa College Description Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale Rockhill Shopping Center in Odessa, TX. The subject property is located just off the highly trafficked intersection of N Dixie Blvd and 8th Street in Odessa, TX. The property is located in close proximity to many regional and national retailers including Walgreens, CVS, Rosa's Cafe, Dairy Queen, Advance Auto Parts, Bush's Chicken, Taco Villa, Whataburger, Sonic, and O' Reilly Auto Parts.

The subject property is located just off the highly trafficked intersection of N Dixie Blvd and 8th Street in Odessa, TX. The property is located in close proximity to many regional and national retailers including Walgreens, CVS, Rosa's Cafe, Dairy Queen, Advance Auto Parts, Bush's Chicken, Taco Villa, Whataburger, Sonic, and O' Reilly Auto Parts.

The subject is located north of Interstate 20 which provides east-west transportation throughout Texas towards El Paso to the west and Abilene further on to Dallas/Fort Worth to the east. Other primary thoroughfares in the area include Business Interstate 20, FM 1788, Highway 191, and Loop 250.

Music City Mall is a regional shopping mall located in Odessa, Texas. Located northeast side of Odessa, along Highway 191, across from University of Texas-Permian Basin, it opened in 1980 as Permian Mall. The mall itself houses over 100 businesses and has the only ice skating facility within 300 miles. The mall has a gross leasable area of 750,000 square feet. The mall also houses the

location for CBS affiliate KOSA-TV, which moved here after its purchase in 2000. The anchor stores are J.C. Penney, Dillard's, Burke's Outlet and Burlington Coat Factory and an 11-screne movie theater.



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