3955 Phelan Blvd Beaumont, TX 77707

This exceptional value-add opportunity presents a vacant 53,311 square foot grocery store building situated on a 5.04-acre lot in Beaumont, Texas. Located at 3955 Phelan Blvd, this single-story, 1978-built property boasts a prime location just one block from US Highway 96, a major thoroughfare with over 136,000 vehicles per day. The property also benefits from its hard corner location at a signalized intersection with Phelan Boulevard, averaging over 24,000 vehicles daily. Previously occupied by Market Basket Foods, this NNN-leased property offers significant potential for redevelopment or lease to a new tenant. The asking price is $3,331,938 ($62.50 per square foot), with an asking rent of $8.00 per square foot (NNN). Recent improvements include a complete roof replacement with a 20-year Durolast warranty. The property's size, location, and recent upgrades make it an attractive investment in a growing market. Beaumont, Texas, with a population exceeding 115,000, offers a strong foundation for this retail investment. This is a rare chance to acquire a substantial property in a high-traffic area with significant upside potential. The property is vacant and ready for immediate occupancy or redevelopment. The Jefferson County location provides easy access to major transportation routes and a substantial consumer base.