3987 College StBeaumont, TX 77707

Property Details for 3987 College St

Year built

1958

Lot size

0.91 AC

Property size (Sq ft)

3,444 SF

Property type

Turn key restaurants

APN

013415-000-001850-00000

APU

1341500000185000000

Description

This exceptional investment opportunity presents a 3,444-square-foot restaurant building situated on a 0.9-acre lot at 3987 College Street, Beaumont, Texas, 77707. The property, zoned for Light Industrial use, boasts a prime location on Highway 90 (College Street), offering easy access to Interstate 10 and exceptional visibility. This high-traffic area ensures significant exposure to potential customers. The single-story building is classified as Class C and is currently configured as a restaurant. The asking price is $790,000, translating to $229.38 per square foot. The property's strategic location is further enhanced by its proximity to a Chevron C-Store, several motels, Beaumont Emergency Hospital, various fast-food restaurants, and other dining establishments. This presents a unique chance for redevelopment or repositioning in a thriving commercial corridor within Jefferson County. The total net rentable square footage is 3,444 square feet. This property is an excellent opportunity for investors seeking a high-visibility location with significant redevelopment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,391,719

  6.5%

  $1,284,664

  7%

  $1,192,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,639,264

  Geo Method

  $2,598,370

• Alternative Use

  Use

  Valuation

  Residential

  $1,083,662

  Hospitality

  $992,628

  Educational

  $825,855

  Medical

  $854,258

  Retail

  $1,284,664

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0677

Longitude

-94.1359

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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