3931 Martin Luther King Jr DrPort Arthur, TX 77640

Property Details for 3931 Martin Luther King Jr Dr

Year built

1998

Lot size

1.87 AC

Property size (Sq ft)

36,952 SF

Property type

Retail properties

Property subtype

Auto shops

APN

300123-000-112400-00100

APU

9223372036854775807

Description

This exceptional industrial property, located at 3931 Martin Luther King Jr Dr, Port Arthur, TX 77640, offers a unique investment opportunity. The property consists of two buildings totaling 36,952 square feet situated on an 81,457 square foot lot with approximately 530 feet of frontage on the Sabine Neches Waterway, a major US waterway. Building 1 encompasses roughly 30,000 square feet, including a 3,000 square foot upstairs office/living area, a 5,000 square foot freezer, and a 2,500 square foot basement with a truck ramp accommodating two 18-wheelers. It features 480W 3-phase power. Building 2 offers an additional 11,500 square feet, including a 5,000 square foot freezer. The property boasts convenient access to Highway 82, the Sabine Lake Causeway, and Interstate 10, providing seamless connectivity to major transportation routes. Two separate water and electricity meters are installed. This owner-user investment opportunity is priced at $6,300,000 ($170.49/sq ft) and includes one loading dock. The property's prime location near petrochemical plants, refineries, and LNG facilities in a high-traffic area makes it an attractive proposition for various industrial uses. The Jefferson County location and APN 300123-000-112400-00000 are provided for verification. The property is being sold by the owner, L V T REALSTATE CO.

• CAP approach

  CAP return

  Valuation

  6%

  $14,932,286

  6.5%

  $13,783,649

  7%

  $12,799,103

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,588,296

  Geo Method

  $27,878,910

• Alternative Use

  Use

  Valuation

  Residential

  $11,627,024

  Hospitality

  $10,650,291

  Educational

  $8,860,917

  Medical

  $9,165,658

  Retail

  $13,783,649

Location Insight

City

Port Arthur

County

Jefferson

State

Texas

Latitude

29.8512

Longitude

-93.9417

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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