2200 Gulfway DrPort Arthur, TX 77640
- Drive through restaurants
- 880 SF
Property Details for 2200 Gulfway Dr
- Year built
- 1969
- Lot size
- 0.32 AC
- Property size (Sq ft)
- 880 SF
- Property type
- Drive through restaurants
- APN
- 053400-000-365700-00000
- APU
- 5340000036570000000
Description
This exceptional investment opportunity presents a 1,006-square-foot former Church's Chicken restaurant located at 2200 Gulfway Dr, Port Arthur, Texas, 77640. Situated on a sizable 14,017-square-foot lot, the property boasts a minimum of 12 parking spaces, a drive-thru, ample storage, and restrooms. Built in 1969, this single-story building is zoned for commercial use and includes two structures. The property is being sold "as-is," with all existing equipment included. It's important to note that the property has been red-tagged by the City of Port Arthur, indicating a need for rehabilitation. This presents a unique chance for an investor or owner to revitalize this strategically located restaurant, capitalizing on its high-traffic location on Highway 87 and Richmond Avenue in Port Arthur, Jefferson County. The asking price is $125,000. The property's size and features offer significant potential for a variety of food service or retail businesses. Serious inquiries only.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $355,608
- 6.5%
- $328,253
- 7%
- $304,806
-
Comparable approach
- Method
- Valuation
- Relative Method
- $418,860
- Geo Method
- $663,927
-
Alternative Use
- Use
- Valuation
- Residential
- $276,894
- Hospitality
- $253,633
- Educational
- $211,020
- Medical
- $218,277
- Retail
- $328,253
Location Insight
- City
- Port Arthur
- County
- Jefferson
- State
- Texas
- Latitude
- 29.8933
- Longitude
- -93.9335
- 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
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