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Odessa Industrial Property on Highway
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4950 Andrews Hwy, Odessa, TX 79762

Industrial property featuring two buildings on 10.46 acres.

Property Size8,120 SF
Lot Size10.46 Acres
Price / SF$73.28
Days on Market696

Property Features for 4950 Andrews Hwy

General Information

Standard status Active
Size 8,120 SF
Lot size 10.46 Acres
Property subtype Industrial

Building Details

Year Built 1981
Listing Agency: Moriah Real Estate Company, LLC
Listed By: Trey Dennis · License #TX 723150
Source: Crexi
Added: Sep 8, 2024 Changed: Jul 6 Last Checked: Aug 4 at 2:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moriah Real Estate Company, LLC

Investment Insights

Based on property information with market context.

This industrial property for sale in Odessa, TX, features two buildings totaling 8,120 square feet on 10.46 acres. The site is positioned on Andrews Highway (Highway 385), less than a mile from 42nd Street (Highway 191), offering convenient access and high traffic volume. The surrounding area includes other industrial users. This asset is suitable for an oilfield service company seeking convenient access to Odessa's major thoroughfares.

Key Highlights

  • Large 10.46 acre industrial property.
  • Two buildings totaling 8,120 square feet.
  • Excellent location on Andrews Highway (Highway 385).

Property Analytics

Current Use

NOV Tuboscope Factory

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

349
Businesses Nearby

Demographics for 79762, TX

40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value

Market

Average Price Trend$/SF for Industrial properties in Odessa, TX

$114 Feb
$122 Mar
$111 Apr
$97.24 May
$102 Jun
$112 Jul

Properties on Market for Industrial properties in Odessa

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial property - Industrial property featuring two buildings on 10.46 acres.
Where is this industrial property located?
The property is located at 4950 Andrews Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Large 10.46 acre industrial property.; Two buildings totaling 8,120 square feet.; Excellent location on Andrews Highway (Highway 385).
(432) 682-2510 Call to check price and availability
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