1650 Cardinal DrBeaumont, TX 77705

Property Details for 1650 Cardinal Dr

Year built

1995

Lot size

6.95 AC

Property size (Sq ft)

4,849 SF

Property type

Grocery and convenience stores

APN

233220-000-007400-00000

APU

9223372036854775807

Description

This exceptional 4.95-acre commercial land parcel presents a unique investment opportunity in Beaumont, Texas. Strategically located on West Cardinal Drive (Hwy 69) and Florida Avenue, the property boasts fantastic visibility and easy access to I-10 and US Hwy 69, ensuring high traffic exposure. The lot, while irregularly shaped, offers significant development potential for a variety of uses. The permitted zoning is GC-MD (verification with the city is recommended). Its proximity to Lamar University adds to its appeal, tapping into a substantial population base. The property's high visibility and convenient location make it ideal for office, retail, or multi-family development. The 2017 estimated property taxes were $4,955.37. With an asking price of $1,401,571 and a land value of $6.50 per square foot, this property represents a compelling investment in a thriving Texas market. The address is 1650 W Cardinal Dr, Beaumont, TX 77705, situated in Jefferson County. The average daily traffic count (ADT) is 68,589, underscoring the high volume of potential customers. This is a rare opportunity to acquire a significant commercial tract in a high-growth area. Don't miss out on this chance to secure a prime piece of Beaumont real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,959,479

  6.5%

  $1,808,750

  7%

  $1,679,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,308,012

  Geo Method

  $3,658,390

• Alternative Use

  Use

  Valuation

  Residential

  $1,525,748

  Hospitality

  $1,397,577

  Educational

  $1,162,768

  Medical

  $1,202,757

  Retail

  $1,808,750

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.035

Longitude

-94.098

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].