3250 Commerce StPort Arthur, TX 77642

  • Retail properties
  • 52,000 SF
For Sale

Property Details for 3250 Commerce St

Year built
1958
Lot size
7.89 AC
Property size (Sq ft)
52,000 SF
Property type
Retail properties
Property subtype
Auto shops
APN
049400-000-041815-00000
APU
4940000004181500000

Description

This exceptional 52,000-square-foot industrial property, situated on a spacious 7.98-acre lot in Port Arthur, Texas, presents a significant opportunity for manufacturing, warehousing, or distribution businesses. The single-tenant building boasts a 33-foot ceiling height, providing ample vertical space for operations. Six dock-high doors ensure efficient loading and unloading, while the fully fenced and gated lot offers enhanced security. The property benefits from city utilities and three-phase, 480-volt power. The building is classified as Class C and underwent renovations in 2023, including a new roof. A comprehensive fire suppression system is in place for safety. The property is conveniently located at 3250 Commerce St, Port Arthur, TX 77642, and is zoned for heavy commercial use. Its strategic location offers access to rail service, a significant advantage for logistics and transportation needs. This well-maintained facility is ready for immediate occupancy and represents a compelling investment opportunity in a thriving industrial market. The property's size, features, and location make it ideal for a variety of industrial uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $21,013,176
    6.5%
    $19,396,778
    7%
    $18,011,294
  • Comparable approach

    Method
    Valuation
    Relative Method
    $24,750,796
    Geo Method
    $39,232,064
  • Alternative Use

    Use
    Valuation
    Residential
    $16,361,908
    Hospitality
    $14,987,420
    Educational
    $12,469,357
    Medical
    $12,898,198
    Retail
    $19,396,778
3250 Commerce St, Port Arthur, Texas

Location Insight

City
Port Arthur
County
Jefferson
State
Texas
Latitude
29.9042
Longitude
-93.9305
CBSA code
13140
CBSA name
BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,742
$63,144
$373,074
$436,218
-
$63,144
$373,074
$436,218

FAQs

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