2005 Magnolia StBeaumont, TX 77703

Property Details for 2005 Magnolia St

Year built

1938

Lot size

0.32 AC

Property size (Sq ft)

3,099 SF

Property type

Auto shops

APN

046650-000-056900-00000

APU

4665000005690000000

Description

This versatile Beaumont, Texas commercial property, located at 2005 Magnolia Street, offers 3,595 square feet of space across two single-story buildings on a 0.52-acre lot (150ft x 150ft). Each building has its own electric meter. The main building features a recently repaired roof with a WPI-8 in place. Currently zoned General Commercial (GC-MD) by the City of Beaumont, this property allows for a wide range of commercial uses. Built in 1938, this Class C property includes 3,595 square feet of net rentable space, ideal for an auto shop, convenience store, or storefront. The asking price is $50,000. While some work may be needed to meet current city codes, the seller is motivated to sell. This presents a unique opportunity for investors or business owners seeking a prime location in a busy area of Beaumont. The property's location at the northwest corner of Magnolia Street and Isla Avenue provides excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,252,304

  6.5%

  $1,155,973

  7%

  $1,073,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,475,052

  Geo Method

  $2,338,080

• Alternative Use

  Use

  Valuation

  Residential

  $975,107

  Hospitality

  $893,193

  Educational

  $743,126

  Medical

  $768,683

  Retail

  $1,155,973

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0989

Longitude

-94.105

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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