2648 Memorial BlvdPort Arthur, TX 77640

Property Details for 2648 Memorial Blvd

Year built

1976

Lot size

0.40 AC

Property size (Sq ft)

1,114 SF

Property type

Drive through restaurants

APN

006650-000-000500-00000

APU

665000000050000000

Description

This exceptional investment opportunity presents a former Sonic Drive-In restaurant ideally situated on Memorial Boulevard in Port Arthur, Texas. The property boasts a highly visible location with strong traffic counts, ensuring excellent exposure for any prospective tenant. The building itself comprises 1,194 square feet and sits on a sizable 0.4-acre lot, offering ample space for operations and potential expansion. Constructed in 1976, the building is a single-tenant structure, previously operating as a successful quick-service restaurant (QSR). The property's strategic location on Memorial Boulevard provides easy access and high visibility, making it an attractive option for a variety of QSR concepts. The existing infrastructure, including a pylon sign, further enhances the property's appeal. This is a rare chance to acquire a well-positioned, established QSR property in a thriving market. The property is located in Jefferson County and offers a turnkey solution for an entrepreneur looking to establish or expand their business. The 1,194 square foot building presents a solid foundation for a variety of QSR concepts, capitalizing on the existing infrastructure and high-traffic location. This is a unique opportunity to acquire a ready-to-occupy commercial property in a prime location. The 0.4-acre lot provides ample space for outdoor seating or additional development.

• CAP approach

  CAP return

  Valuation

  6%

  $450,167

  6.5%

  $415,539

  7%

  $385,857

• Comparable approach

  Method

  Valuation

  Relative Method

  $530,238

  Geo Method

  $840,472

• Alternative Use

  Use

  Valuation

  Residential

  $350,522

  Hospitality

  $321,077

  Educational

  $267,132

  Medical

  $276,319

  Retail

  $415,539

Location Insight

City

Port Arthur

County

Jefferson

State

Texas

Latitude

29.9056

Longitude

-93.9373

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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