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1551 Interstate 20 Service Rd - V&O Real Estate Development 1.5 Acres of Commercial Land in Odessa, TX 79766
INVESTMENT HIGHLIGHTS
- Take advantage of a 1.5-acre lot with direct I-20 access, zoned for retail or quick-service development in Odessa, a top pick for corporate expansion.
- 1551 Interstate 20 Service Road offers excellent exposure with a high daily traffic count of over 35,000 vehicles and prime interstate visibility.
- Leverage Odessa’s development incentives, making costs lower upfront and providing long-term tax exemptions, up to 10 years, for qualified projects.
- Join a growing economy, where households have increased by 2.2% since 2020, and are expected to increase by 1.5% by 2029, within a 2-mile radius.
EXECUTIVE SUMMARY
Seize the opportunity to invest in a flat, 1.5-acre commercial lot with immediate interstate access in one of the fastest-growing cities in Texas: Odessa. Zoned for planned development, this site would be suitable for general retail, restaurants, and quick-service businesses. In addition to the retail options, there is an opportunity for a truck wash, with a site plan attached. 1551 Interstate 20 Service Road has direct access to Interstate 20, as well as proximity to US Highway 385 and Loop 338, enhancing connectivity to surrounding areas.
The Odessa Development Corporation (ODC) offers incentives to fuel business growth, such as tax abatements, which help make large-scale developments more financially feasible. Sites that have a higher risk and are more complex to develop can leverage lower upfront costs. Along with the incentives to invest in Odessa, the market has experienced a steady increase in population, resulting in a more affluent consumer base. Within a 10-mile radius, the average household income is $90,894, contributing to $1,840,213,911 in consumer spending.
With high visibility, strong consumer spending, and development incentives from the city, this site offers a rare chance to capitalize on Odessa’s expanding retail market. For more information, please contact Roland Real Estate at 432-218-7414 or visit the website at https://www.roland-re.com/.
The Odessa Development Corporation (ODC) offers incentives to fuel business growth, such as tax abatements, which help make large-scale developments more financially feasible. Sites that have a higher risk and are more complex to develop can leverage lower upfront costs. Along with the incentives to invest in Odessa, the market has experienced a steady increase in population, resulting in a more affluent consumer base. Within a 10-mile radius, the average household income is $90,894, contributing to $1,840,213,911 in consumer spending.
With high visibility, strong consumer spending, and development incentives from the city, this site offers a rare chance to capitalize on Odessa’s expanding retail market. For more information, please contact Roland Real Estate at 432-218-7414 or visit the website at https://www.roland-re.com/.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 1
| Lot Size | 1.50 AC |
| Lot Size | 1.50 AC |
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1551 Interstate 20 Service Rd - V&O Real Estate Development
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