Company Profile: 401 E 6th St, Odessa, TX 79761
Background
401 E 6th St, Odessa, TX 79761, is a commercial property located in the heart of downtown Odessa, Texas. The building, constructed in 1976 and extensively renovated in 2016, spans 6,150 square feet and is situated on a 0.33-acre lot. It is zoned CB-2, allowing for a variety of commercial uses, including medical offices, retail stores, and professional services. The property is strategically located near the Marriott Convention Center, offering high visibility and accessibility. Its prime corner location and proximity to major venues make it a significant asset in the area.
Key Strategic Focus
The property is designed to accommodate a range of commercial tenants, with a particular emphasis on medical and professional services. The building features over 16 offices, 5 ADA-compliant bathrooms, 2 lobbies, and 7 nurses' stations, making it well-suited for healthcare providers, legal offices, or other professional services. The recent renovation has modernized the space while preserving its vintage charm, providing a unique environment for potential tenants. The property's strategic location near the Marriott Convention Center enhances its appeal to businesses seeking high-traffic areas with easy access to local amenities.
Financials and Funding
The property has been listed for sale at various price points, reflecting its market value and the owner's strategic objectives. Notably, it was listed at $1,099,000 in early 2025, with options for sale or lease, and potential for subdividing and owner financing. The listing indicates that furnishings and equipment are negotiable, providing flexibility for potential buyers or tenants. The property's assessed value, as of the latest available data, is approximately $395,096, with a total assessment that includes both land and improvements.
Pipeline Development
As a commercial property, 401 E 6th St does not have a pipeline of products or services. However, the building's recent renovation and strategic location position it as a prime candidate for various commercial ventures. Potential tenants or buyers can customize the space to suit their specific needs, whether for medical offices, professional services, or retail establishments.
Technological Platform and Innovation
The building's renovation in 2016 incorporated modern design elements and infrastructure updates, enhancing its appeal to contemporary businesses. While specific technological platforms or proprietary technologies are not detailed, the property's adaptability allows for the integration of various technological solutions to meet tenant requirements.
Leadership Team
The property is managed by Pine & Beckett, a real estate firm specializing in commercial properties in the Odessa area. Chris Beckett, the Broker Owner, has been actively involved in the property's listing and management, offering expertise in commercial real estate transactions.
Competitor Profile
The commercial real estate market in Odessa, Texas, features several properties that may serve as competitors to 401 E 6th St. These include other office spaces, medical facilities, and retail locations within the downtown area. The competitive landscape is influenced by factors such as location, amenities, property condition, and rental rates.
Strategic Collaborations and Partnerships
While specific collaborations or partnerships are not detailed, the property's proximity to the Marriott Convention Center suggests potential for synergistic relationships with businesses catering to convention attendees and visitors. Additionally, the property's location within the ODC Redevelopment Tier 1 Blue Zone at 100% indicates eligibility for various incentives and grants, potentially enhancing its attractiveness to investors and tenants.
Operational Insights
The property's prime corner location, combined with its proximity to major venues like the Marriott Convention Center, provides a competitive advantage in attracting high-traffic businesses. The building's adaptability and recent renovations position it as a versatile space suitable for a range of commercial uses, from medical offices to professional services and retail establishments.
Strategic Opportunities and Future Directions
The property's strategic location and modernized facilities present opportunities for various commercial ventures. Potential tenants or buyers can leverage the space to establish or expand their businesses in a high-visibility area with access to a diverse customer base. The availability of owner financing and the potential for subdividing the space offer flexibility to accommodate different business needs and investment strategies.
Market Research
