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LUTZ LAKE FERN ROAD

Lots/Land For Sale
$1,800,000

BTC: 28.57142857

ETH: 1,030.92783505

80 days
0 room(s)

Overview

2.91 acres of prime vacant land in the highly desirable Odessa area, positioned at the signalized intersection of Gunn Highway and Lutz Lake Fern Road—an established high-traffic corridor with excellent visibility and accessibility. The property is zoned PD and already approved for the development of three buildings totaling approximately 18,500 square feet, allowing for business services, professional services, and health practitioner offices. This flexible zoning and pre-approved development plan present an outstanding opportunity for investors, developers, or end users looking to establish a professional office complex in a thriving area. Surrounded by established residential communities and steady daily traffic, the site offers strong exposure and convenient access for clients and employees alike. Located within one of the region’s most desirable and affluent zip codes, the area is known for its high household income levels and continued growth—making it an ideal location for medical, professional, and service-oriented businesses. With nearly three acres of developable land, a prime corner location, and approvals already in place, this property is ready for the next phase of development in one of Odessa’s most sought-after commercial corridors.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
2.91 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$774,500
$209K – $1.5M
Confidence Low
List vs. estimate
$1.0M above estimate
List $1,800,000 · +132.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,483
2025
All facts and features
  • Lot

    • Lot: 2.91 Acres

    Other Property Information

    • Parcel Number: U11271700100000007860.0

    • Zoning: PD

  • Type and style

    • Property Type: Land

  • Utility

    • Other

  • Other financial information

    • Annual tax amount: $4,484

  • Source details

    • MLS ID: TB8487198

    Other facts

    • Water Source: None

    • Lot Size Dimensions: 308 x 311

    • Subdivision Name: KEYSTONE PARK COLONY SUB

Private inquiry
Talk to the advisor on this listing.
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Market around this address

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: LPT REALTY LLC