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29395861
29395862

509 Madrid Rd, Odessa, TX 79766

LN
TX 680101
IWI Realty
Listed by IWI Realty
$1,499,950
131 days on market
Updated 9 days ago

509 Madrid Road Odessa, TX 79766

Details
APN 29986.01533.00000, 29986.01534.00000, 29986.01527.00000, 29986.01528.00000
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 12,900
Net Rentable (SqFt) 12,900
Units 3
Tenancy Single
Price per SqFt $116
Broker Co-Op Yes
Class B
Year Built 2019
Buildings 3
Stories 1
Acreage 4.020
Zoning County Jurisdiction – No Known Zoning Restrictions
Investment Type Owner/User
Ground Lease No
Ceiling Height 22'
Ownership Fee Simple

±12,900 SF Industrial Facility | 4-Acre Secured Yard | 10-Ton Crane | Drive-Through Bays

Marketing description

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, also with 3-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.

Investment 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) – 3-phase power
  • 4 drive-through bays
  • (4) 18’ overhead doors and (2) 16’ overhead doors
  • 3 restrooms, including one separate from shop areas
  • Secured yard with perimeter fencing and gated access
  • Serviced by septic system and water well

Listing Contacts

LN
TX 680101
IWI Realty
Listed by IWI Realty

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Additional Information

Name
Larry Nielsen
License
680101
Brokerage
Res and Ranch, LLC
Brokerage Phone
512-829-3580
Title
Broker
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