5777 M L King Jr PkwyBeaumont, TX 77705

Property Details for 5777 M L King Jr Pkwy

Year built

1981

Lot size

0.88 AC

Property size (Sq ft)

7,924 SF

Property type

Auto shops

APN

235222-000-006100-00000

APU

9223372036854775807

Description

This exceptional Beaumont, Texas property, located at 5777 S. M. L. King Jr. Parkway, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The 7,924 square foot building sits on a 1.021-acre lot and features approximately 1,820 square feet of executive office space and 6,104 square feet of warehouse space, complemented by a 625 square foot canopy. The warehouse boasts two loading docks: one 18'W x 20'H and another 10'W x 16'H, both at grade level, ensuring efficient loading and unloading. The property also includes a partially stabilized, fenced, and lighted yard, along with 3-phase electrical service and a pylon sign for excellent visibility. Its strategic location provides easy access to major highways including US Highway 69/96/287, Cardinal Drive, and Highway 347, making it easily accessible for both local and regional operations. The property is zoned GC-MD (General Commercial - Multi-Family High Density), offering flexibility for various uses. Proximity to Interstate 10 (approximately 5.3-5.4 miles) and Highway 73 (approximately 12.5-12.8 miles) further enhances its logistical advantages. The asking price for this prime commercial property is $725,000. Buyers are advised to independently verify zoning and intended use compliance with the City of Beaumont's zoning ordinance.

• CAP approach

  CAP return

  Valuation

  6%

  $3,202,085

  6.5%

  $2,955,770

  7%

  $2,744,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,771,640

  Geo Method

  $5,978,363

• Alternative Use

  Use

  Valuation

  Residential

  $2,493,303

  Hospitality

  $2,283,852

  Educational

  $1,900,138

  Medical

  $1,965,487

  Retail

  $2,955,770

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0324

Longitude

-94.0608

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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