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Property Detail

West Murphy Street
2419 W Murphy Street spans 5,050 square feet of office and connected warehouse/shop/storage.
$489,999

Description

  • 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.
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  • 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.
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  • 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.

2419 W Murphy St

Listing ID : 00798

SKU: 798

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Price History

DateEventPrice
December 11 2024Listed$489,999.00