515 W 42nd St

For Lease

515 W 42nd St, Odessa, TX 79764

You can currently find 1 retail space(s) available for lease at 515 W 42nd St. Designated use type for space listed here includes retail. Current retail listings at this property total 4,620 square feet. Lease type options include Full Service. Expand the listing and property details below for additional information on leasing opportunities at 515 W 42nd St.

Space Available For Lease 1

Contacts

Jack Oduro

Moriah Brokerage Services

Property Details

  • 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
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.
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Highlights

  • Frontage on 42nd Street
  • Highlights: Large Show Room Bar Style Countertops & Shelving Convenient On-Site Parking Active Exterior & Interior Security Cameras
  • Newly Renovated (2025)

Attachments

Getting around

  • 40/100

    Walk Score ®

  • 35/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Odessa, TX
  • Neighborhood Odessa
  • Zip Code 79764
  • Market Midland Odessa

Points of Interest

  • Chevron

    0.37 miles

  • Phillips 66

    0.41 miles

  • Texaco

    0.48 miles

  • Stripes

    1.61 miles

  • Pilot

    1.85 miles

  • H-E-B Fuel

    1.92 miles

  • Murphy USA

    2.16 miles

  • Alon

    3.12 miles

  • Mesa Parking

    3.60 miles

  • Denny's

    0.32 miles

  • McDonald's

    0.36 miles

  • Arby's

    0.38 miles

  • Wendy's

    0.39 miles

  • Subway

    0.43 miles

  • Curb Side Bistro

    0.43 miles

  • Church's Chicken

    0.44 miles

  • Boba Cup Fried Rice Express

    0.44 miles

  • Whataburger

    0.50 miles

  • Volcano Korean BBQ

    0.95 miles

  • Western Village Shopping Center

    0.92 miles

  • Sherwood Village Center

    0.97 miles

  • United Supermarkets

    1.10 miles

  • Crestwood Shopping Center

    1.11 miles

  • Lowe's Market

    1.13 miles

  • Sherwood Shopping Center

    1.16 miles

  • Sherwood Medical Center

    1.23 miles

  • North Plaza

    1.33 miles

  • H-E-B

    1.79 miles

  • West County Plaza

    2.01 miles

515 W 42nd St Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    Retail space at 515 W 42nd St asks $7,500.00/MO per square foot.

  • The property includes 4,620 square feet of retail space for lease. Of this total, 4,620 square feet are Retail.

    Lease agreement conditions for the availability at this property include Full Service.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    515 W 42nd St was last renovated in 2025.

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