3160 Fannin StBeaumont, TX 77701

Property Details for 3160 Fannin St

Year built

1981

Lot size

0.72 AC

Property size (Sq ft)

7,904 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

300005-000-012300-00000

APU

9223372036854775807

Description

This exceptional 7,904-square-foot mixed-use office building, located at 3160 Fannin Street in Beaumont, Texas, presents a compelling investment opportunity. Built in 1981, this single-story structure sits on a substantial 31,356-square-foot lot and is ideally situated on a main thoroughfare with high traffic volume. The property's classification includes both medical and traditional office space, catering to a diverse range of potential tenants. Currently, the building boasts established tenants, providing immediate income potential, while also offering available units for lease to new clients. The asking price is $693,499, translating to a price per square foot of $87.74. Seller financing options are available, making this property accessible to a wider range of buyers. This is a rare chance to acquire a well-located, income-producing asset in a thriving Beaumont market. The property's address is 3160 Fannin St, Beaumont, TX 77701, within Jefferson County. Further details are available upon request. The property features one building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,694,261

  6.5%

  $2,487,010

  7%

  $2,309,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,314,003

  Geo Method

  $3,667,887

• Alternative Use

  Use

  Valuation

  Residential

  $2,487,010

  Hospitality

  $2,278,088

  Educational

  $1,895,342

  Medical

  $1,960,526

  Retail

  $2,948,310

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0725

Longitude

-94.1213

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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