509 Madrid Rd - Industrial FOR SALE


Odessa, TX 79766
$1,695,000 USD
432-260-0088
509 Madrid Rd, Odessa, TX for Sale
$1,695,000 USD
Industrial - FOR SALE
1/13
null | Request Cap Rate

509 Madrid Rd
Odessa, TX 79766


HIGHLIGHTS

  • 12,900 SF total improvements on ±4 acres
  • 3,600 SF office buildout featuring 7 offices, reception area, and conference room
  • 4,500 SF primary shop
  • 10-ton bridge crane | 3-phase power
  • Third shop (2,400 SF) – single-phase power
  • 4 drive-through bays

OVERVIEW

509 Madrid Rd in Odessa, Texas offers a well-equipped industrial facility totaling approximately ±12,900 SF of improvements on ±4 acres in the heart of the Permian Basin. The property is ideally suited for oilfield service, fabrication, equipment maintenance, or industrial support operations, with a layout designed to accommodate heavy equipment and commercial vehicle activity. The improvements include a primary ±4,500 SF crane-served shop equipped with a 10-Ton overhead bridge crane and 3-phase power, providing a functional environment for heavy-duty industrial work. Two additional ±2,400 SF shops provide supplemental workspace and are crane-ready with single-phase power, offering flexibility for a variety of industrial users. The property features four drive-through bays with a combination of four 18' overhead doors and two 16' overhead doors, allowing efficient access for large trucks, trailers, and equipment. The office component totals approximately ±3,600 SF and includes seven private offices, reception area, and conference room, providing a practical administrative layout for management and operations. The ±4-acre stabilized yard provides ample space for equipment storage, staging, and truck circulation. The site is fully fenced and gated, offering controlled access and security. Utilities include septic service, and the property is located within county jurisdiction with no known zoning restrictions, allowing flexibility for a wide range of industrial and oilfield-related uses. Conveniently located in the Permian Basin industrial corridor, the property offers quick access to major regional routes including Interstate 20, Highway 385, and Loop 338, providing strong connectivity to both Midland and Odessa and the surrounding oilfield service areas. The shop facilities are designed for heavy-duty industrial use and include a primary ±4,500 SF shop equipped with an overhead crane and 3-phase power. Two additional shops, each approximately ±2,400 SF, are crane-ready and serviced by single-phase power, offering flexibility for a variety of industrial and service users. The property features four drive-through bays with a combination of four 18' overhead doors and two 16' overhead doors, allowing efficient access for large equipment and commercial vehicles. The site is fully fenced and gated, providing controlled access and security. Existing on-site storage tanks are negotiable and may be included or excluded based on buyer interest. Utilities include septic service, and the property is located within county jurisdiction with no known zoning restrictions, allowing flexibility for a wide range of industrial and oilfield-related uses.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

10-Ton Overhead Crane Served | Amenity Heavy

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Distribution, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

UTILITIES

Sewer - Septic Field

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4

LAND SF

174,240

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Larry NielsenIWI RealtyMore Info
432-260-0088

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Larry NielsenIWI RealtyMore Info
432-260-0088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.