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Investment Highlights

  • 12,900 SF total improvements on ±4 acres
  • 4,500 SF primary shop
  • Third shop (2,400 SF) – single-phase power
  • 3,600 SF office buildout featuring 7 offices, reception area, and conference room
  • 10-ton bridge crane | 3-phase power
  • 4 drive-through bays

Executive Summary

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 with single-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.
The shop facilities are designed for heavy-duty industrial use and include a primary ±4,500 SF shop equipped with an overhead crane and 3-phase power. Two additional shops, each approximately ±2,400 SF, are crane-ready and serviced by single-phase power, offering flexibility for a variety of industrial and service 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 equipment and commercial vehicles.
The site is fully fenced and gated, providing controlled access and security. Existing on-site storage tanks are negotiable and may be included or excluded based on buyer interest. 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.

Property Facts

Price $2,472,696 CAD
Price Per SF $191.68 CAD
Sale Type Investment or Owner User
Property Type
Industrial
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Warehouse
Lot Size 4.00 AC
Rentable Building Area 12,900 SF
No. Stories 1
Year Built 2019
Tenancy Single
No. Drive In / Grade-Level Doors 4

Amenities

  • Controlled Access
  • Conferencing Facility
  • Fenced Lot
  • Signage
  • Reception
  • Storage Space
  • Air Conditioning
  • Perimeter Security Fence

Utilities

  • Sewer - Septic Field
Exceptionally drivable
90/100
Somewhat bikeable
30/100
  • Listing ID: 39218503

  • Date on Market: 2026-01-26

  • Last Updated:

  • Address: 509 Madrid Rd, Odessa, TX 79766

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