6755 Phelan BlvdBeaumont, TX 77706

  • Community centers
  • 23,400 SF
For Lease
$14.50/SF/YR View listing

Property Details for 6755 Phelan Blvd

Year built
2005
Lot size
2.10 AC
Property size (Sq ft)
23,400 SF
Property type
Community centers
APN
009335-000-000300-00000
APU
933500000030000000

Description

Madison Plaza, a well-established strip center in Beaumont, Texas, presents a prime retail opportunity. Located at 6755 Phelan Blvd, in the desirable west end of town, this property offers a strategic advantage, avoiding the congestion of Dowlen Road while benefiting from consistent traffic flow. The center features a total of seven suites, with two currently available, ranging in size from 1,584 to 3,070 square feet. The property boasts a large parking area with multiple access points for convenient customer access and ample parking. The tenant mix includes a diverse range of regional retail, service, and office businesses, creating a vibrant and synergistic environment. Madison Plaza benefits from high visibility due to double-sided pylon sign availability, ensuring strong brand recognition for tenants. The convenient storefront parking further enhances the shopping experience. This established center offers a compelling opportunity for businesses seeking a well-located and highly visible retail space in a thriving Beaumont community. The property is situated in Jefferson County, Texas, with a zip code of 77706.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,455,929
    6.5%
    $8,728,550
    7%
    $8,105,082
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,137,858
    Geo Method
    $17,654,430
  • Alternative Use

    Use
    Valuation
    Residential
    $7,362,858
    Hospitality
    $6,744,339
    Educational
    $5,611,211
    Medical
    $5,804,189
    Retail
    $8,728,550

Location Insight

City
Beaumont
County
Jefferson
State
Texas
Latitude
30.0755
Longitude
-94.1748
CBSA code
13140
CBSA name
BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$66,798
$259,829
$2,519,655
$2,779,484
-
$259,829
$2,519,655
$2,779,484

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