6870 Phelan BlvdBeaumont, TX 77706

Property Details for 6870 Phelan Blvd

Year built

2005

Lot size

0.14 AC

Property size (Sq ft)

1,628 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

058055-000-000600-00000

APU

5805500000060000000

Description

This exceptional Class A, 1,558 square foot freestanding executive office building is situated in Beaumont, Texas, at 6870 Phelan Blvd, zip code 77706. Built in 2005, this single-story structure sits on a 0.03-acre lot within the professionally managed St. Louis Court, conveniently located between Major Drive and Dowlen Road in Beaumont's West End. The property is currently vacant and ready for immediate occupancy. The building features three private offices, providing ample space for individual work or team collaboration. A spacious waiting room enhances the professional image, complemented by a convenient restroom and a well-equipped kitchen. An outdoor sitting area offers a tranquil space for breaks or informal meetings. The building's single-tenant occupancy ensures privacy and control over the entire space. This is an excellent opportunity for a business seeking a modern, well-maintained, and conveniently located office space in a thriving area of Beaumont. No elevators are present in this single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $554,941

  6.5%

  $512,254

  7%

  $475,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $476,619

  Geo Method

  $755,481

• Alternative Use

  Use

  Valuation

  Residential

  $512,254

  Hospitality

  $469,222

  Educational

  $390,387

  Medical

  $403,813

  Retail

  $607,268

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0767

Longitude

-94.1774

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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