216 Murphy St Odessa, TX 79761-6531
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
EE4 · Odessa, TXOdessa. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.