3250 Commerce StPort Arthur, TX 77642
- Retail properties
- 52,000 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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