Technical
Financial
Distress signals
Property profile

216 Murphy St Odessa, TX 79761

OFF-MARKET
Bars & Pubs
Property ID
US82-1324948
1,331 SF 0.34 ac lot Built 1954
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 1,931-square-foot restaurant located at 216 E Murphy St, Odessa, TX 79761. Built in 1954, this property sits on a 0.338-acre corner lot in a rapidly developing area of Ector County. The asking price is $145,000, translating to $75.09 per square foot. The property is zoned EE4 and offers significant potential for various food and beverage businesses. A key advantage is the convenient proximity to a newly constructed paid parking lot, ensuring ample parking for patrons. The building includes covered parking. The property is sold "as is, where is," and potential buyers are advised to independently verify all city regulations, ordinances, and tax information. This turnkey restaurant presents a unique chance to establish or expand a thriving business in a high-traffic location. Don't miss this chance to own a piece of Odessa's vibrant culinary scene. The property's prime location and existing infrastructure make it an ideal investment for savvy entrepreneurs.

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1954
Total area 1,331 SF
Lot 0.34 ac (14,702 SF)
Zoning code EE4
APN 25000.00760.00000
UPID US82-1324948

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Processing Plant
  • Atm

Location

216 Murphy St Odessa, TX 79761-6531
Odessa metro Census 1900 ODESSA, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2009
$28,000
2009
Price N/A

Zoning & alternative use

EE4 · Odessa, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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