415 11Th StBeaumont, TX 77701

Property Details for 415 11Th St

Year built

1976

Lot size

2.82 AC

Property size (Sq ft)

16,394 SF

Property type

Auto shops

APN

012815-000-000100-00000

APU

1281500000010000000

Description

This exceptional retail property, located at 415 South 11th Street in Beaumont, Texas, presents a unique investment opportunity. Situated on a hard corner at the intersection of 11th Street and Hollywood Street, this location benefits from high visibility and significant traffic flow. The property offers flexible usage options, suitable for a variety of businesses. Currently, the site is zoned to accommodate a daycare/nursery, quick-service restaurant (QSR), or full-service restaurant. The available square footage ranges from 0 to 8,319 square feet, providing ample space for development tailored to specific business needs. The property's prime location in Jefferson County, Texas, zip code 77701, offers easy access to major transportation routes and a thriving local community. This hard corner lot presents a rare chance to establish a successful business in a high-demand area. The property's versatility makes it an ideal choice for entrepreneurs seeking a prominent location with significant growth potential. Interested parties should note the flexible square footage options available, allowing for customization to suit diverse business plans. This is a remarkable opportunity to secure a strategic retail space in a bustling Beaumont location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,624,808

  6.5%

  $6,115,208

  7%

  $5,678,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,803,164

  Geo Method

  $12,368,663

• Alternative Use

  Use

  Valuation

  Residential

  $5,158,406

  Hospitality

  $4,725,072

  Educational

  $3,931,205

  Medical

  $4,066,405

  Retail

  $6,115,208

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0739

Longitude

-94.1289

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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