6155 Eastex FwyBeaumont, TX 77706

Property Details for 6155 Eastex Fwy

Year built

1973

Lot size

34.38 AC

Property size (Sq ft)

662,961 SF

Property type

Community centers

APN

050765-000-000900-00000

APU

5076500000090000000

Description

This exceptional investment opportunity presents multiple retail spaces within the renowned Parkdale Mall in Beaumont, Texas. The mall, a Class A property totaling 1,278,141 square feet, sits on a substantial 146-acre lot and comprises eight buildings with two stories each. Built in 1972 and renovated in 2003, the property offers ample parking with 8,055 spaces. Currently, four retail spaces are available, ranging from 1,589 to 20,487 square feet, providing flexibility for various business needs. The mall features an open-air associated center, enhancing its appeal and accessibility. Recent redevelopment of the former Macy's space now houses DICK'S Sporting Goods, HomeGoods, and ULTA Beauty, demonstrating the property's ongoing revitalization and strong tenant demand. Beaumont's robust economy, driven by its major port, military seaport, and thriving petrochemical and manufacturing sectors, provides a strong foundation for retail success. Major employers like ExxonMobil, BASF, DuPont, Goodyear, and Sunoco, along with the nearby Lamar University (over 15,000 students), contribute to a substantial consumer base. The area's resilient housing market further strengthens the investment potential. This property offers a unique blend of established retail presence and a dynamic economic environment, making it an ideal investment for discerning buyers. Power is available on site. Jefferson County location.

• CAP approach

  CAP return

  Valuation

  6%

  $267,902,240

  6.5%

  $247,294,368

  7%

  $229,630,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $315,554,080

  Geo Method

  $500,179,424

• Alternative Use

  Use

  Valuation

  Residential

  $208,602,064

  Hospitality

  $191,078,368

  Educational

  $158,974,960

  Medical

  $164,442,352

  Retail

  $247,294,368

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.1257

Longitude

-94.1616

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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