2550 I-10Beaumont, TX 77703

This mixed-use property in Beaumont, Texas, presents a compelling value-add investment opportunity. Located at 2550 I-10, this 23,423 square foot shopping center sits on a 1.54-acre lot with 345 feet of frontage on Interstate 10 E, ensuring high visibility and accessibility. The property, built in 1945 and encompassing one two-story building, currently boasts 9 versatile retail spaces and ample parking for 120 vehicles. The current occupancy rate is 55%, generating a Net Operating Income (NOI) of $73,272, with a 6.37% cap rate. However, a pro-forma analysis projects a significant increase in NOI to $216,329 and an 18.81% cap rate, reflecting substantial upside potential. The property is zoned commercial and includes 20 units. The asking price is $1,150,000, translating to $55.50 per square foot. This prime strip center offers a unique blend of retail, multifamily, and office space, making it an attractive investment for those seeking to capitalize on a thriving commercial area in Jefferson County, Texas, zip code 77703. The lease type is modified. The property is classified as Class C.