3250 Commerce StPort Arthur, TX 77642

Property Details for 3250 Commerce St

Year built

1958

Lot size

7.89 AC

Property size (Sq ft)

52,000 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $16,644,300

  6.5%

  $15,364,000

  7%

  $14,266,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,214,600

  Geo Method

  $16,191,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $30,282,000

  Mixed-Use / Specialty

  $15,179,600

  Hospitality / Lodging

  $10,968,000

  Office

  $14,954,400

  Institutional / Educational

  $15,734,400

  Residential Income

  $18,409,200

  Multifamily

  $22,797,500

  Automotive / Energy

  $13,486,600

  Parking / Income-Based Land

  $4,782,110

  Restaurant / Food Service

  $7,618,420

  Healthcare / Senior Housing

  $15,699,300

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

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