2215 Calder AveBeaumont, TX 77701

Property Details for 2215 Calder Ave

Year built

1978

Lot size

0.34 AC

Property size (Sq ft)

7,264 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This two-story, 7,264-square-foot office building in Beaumont, Texas presents a compelling value-add investment opportunity. Located at 2215 Calder Avenue, this Class B property boasts a 4.85% cap rate and a current NOI of $26,700. Built in 1978 and renovated in 2008, the building features 29 parking spaces and sits on a 0.34-acre lot with 100 feet of frontage on Calder Avenue. The property is zoned GC-MD and includes seven units, currently 50% occupied (with a projected full occupancy date of March 20, 2024). Each floor offers approximately 3,632 square feet, with multiple restrooms and office spaces. The building is constructed of masonry and benefits from city water, sewer, and trash services. The asking price is $550,000, translating to $75.72 per square foot and $78,571.43 per unit. This multi-tenant property offers a gross lease structure and significant potential for increased revenue through lease-up and future improvements. The property's strong location and solid foundation make it an attractive investment for those seeking a value-add opportunity in the Beaumont market. Potential buyers are advised to independently verify zoning and other relevant information with the City of Beaumont.

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0856

Longitude

-94.1187

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