2070 Gulf StBeaumont, TX 77703

Property Details for 2070 Gulf St

Year built

1958

Lot size

1.21 AC

Property size (Sq ft)

27,500 SF

Property type

Auto shops

APN

043100-000-001400-00000

APU

4310000000140000000

Description

This exceptional industrial property, located at 2070 Gulf St, Beaumont, TX 77703, presents a significant investment opportunity. Situated on approximately 1.23 acres at the northwest corner of Gulf St, Maple Ave, and ML King Jr Pkwy, this high-traffic location offers easy access to IH-10. The property boasts a +/- 28,820 square foot warehouse building featuring +/- 2,500-3,000 square feet of recently constructed office space. Office amenities include built-in workstations, kitchens with built-in cabinets, an IT area, a plan design/work room, ADA-compliant restrooms, and additional space for future expansion. The warehouse itself includes a second kitchen/break room and additional ADA restrooms. The building is constructed with a reinforced concrete slab foundation, metal roofing, and metal panel exterior walls. Five 14' roll-up doors provide convenient access, and the warehouse features an approximate 16' crest height. A sprinkler/fire alarm system is installed throughout the building and outdoor canopy area. The property also benefits from a 3-phase/480V electrical capacity, a recently replaced electrical system, and a firewall separating the front and rear warehouse sections. LED lighting is installed throughout the warehouse. This property is ideal for a variety of industrial and commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $11,112,738

  6.5%

  $10,257,912

  7%

  $9,525,204

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,089,364

  Geo Method

  $20,747,726

• Alternative Use

  Use

  Valuation

  Residential

  $8,652,932

  Hospitality

  $7,926,040

  Educational

  $6,594,372

  Medical

  $6,821,162

  Retail

  $10,257,912

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0976

Longitude

-94.1116

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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