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Property profile & analytics
OFF-MARKET
Bars & Pubs

216 Murphy St Odessa, TX 79761-6531

1,331 SF 0.34 ac lot Built 1954
Individually Owned 8-yr Hold Free & Clear
Property ID
US82-1324948
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Las Dos Palomas Food Processing Plant
  • LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Thanh Phan · 8 yrs held
Thanh Phan
since 2018
3 recorded transactions
2018
Price N/A
2009
$28,000
2009
Price N/A
Zoning & alternative use
EE4 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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