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2419 W Murphy St

5,050 SF Industrial Building Odessa, TX 79763 $489,999 ($97/SF)

Virtual Tour

Investment Highlights

  • 2419 W Murphy Street spans 5,050 square feet of office and connected warehouse/shop/storage space with a fuel island and a truck scale.
  • Benefit from Odessa’s significant growth spurt as the number of households within a 3-mile radius grew by almost 20% from 2010 to 2023.
  • Sits on a fully fenced 7.67-acre lot with two electric gates, ideal for industrial outdoor storage, truck parking, or building expansion.
  • Proximity to I- 20 and Loop 338 allows transporters to reach Downtown Midland in 25 min, El Paso in 4 hours, DFW in 4.5 hours, and OKC in 6 hours.

Executive Summary

2419 W Murphy Street is an approximately 5,000-square-foot property situated on 7.67 acres. It features an office with several private offices, a meeting room, a kitchen, and on-site laundry and showers. The connected warehouse portion has multiple shop spaces and ample storage space. 2419 W Murphy Street also has a truck scale and fuel island, making this ideal for truck parking or outdoor storage. All assets stored on the lot are secured by perimeter fencing and two electric gates.

Boasting easy access to Interstate 20 and Loop 338, the property is primed to remain a desirable asset in this booming market. Alongside its sister city of Midland to the east, Odessa is one of the most important centers of economic activity in the Permian Basin. This prolific oil-producing region is home to more than 200,000 nonfarm civilian jobs, 81,000 of which are located in Ector County. This is the sole county of the Odessa metro. It had a residential population greater than 165,000 people as of the most recent decennial census. At 11.4 million square feet, warehouses and distribution centers account for 84% of all industrial inventory in the Odessa metro today, making 2419 W Murphy Street one of the best-positioned assets as a key property to host oil-related transport operations.

Property Facts

Price $489,999
Price Per SF $97
Sale Type Owner User
Property Type Industrial
Property Subtype Truck Terminal
Building Class C
Lot Size 7.67 AC
Rentable Building Area 5,050 SF
No. Stories 2
Year Built 1956
Tenancy Single
Parking Ratio 5.35/1,000 SF

Amenities

  • Fenced Lot
  • Yard
  • Air Conditioning

Utilities

  • Lighting
  • Gas
  • Water - City
  • Sewer - City
  • Heating - Electric

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
El Paso
682,669
278
4 h 33 m
Fort Worth
895,008
323
5 h 40 m
San Antonio
1,532,233
336
5 h 49 m
Austin
964,254
353
6 h 42 m
Dallas
1,345,047
363
6 h 29 m
Houston
2,325,502
545
9 h 36 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
165,801
Total Labor Force
83,534
Unemployment Rate
3.36%
Median Household Income
$59,655
Warehouse Employees
13,308
High School Education Or Higher
78.60%

Nearby Amenities

Hotels

Marriott
215 rooms
5 min drive
Holiday Inn Express
107 rooms
7 min drive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32600-00010-00000
Land Assessment
$126,993
Improvements Assessment
$136,686
Total Assessment
$263,679

zoning

Zoning Code ETJ (Odessa ETJ)
ETJ (Odessa ETJ)
  • Listing ID: 32568961

  • Date on Market: 2/5/2024

  • Last Updated:

  • Address: 2419 W Murphy St, Odessa, TX 79763

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