3955 Phelan BlvdBeaumont, TX 77707

Property Details for 3955 Phelan Blvd

Year built

1978

Lot size

5.08 AC

Property size (Sq ft)

52,644 SF

Property type

Retail properties

APN

240306-000-005600-00000

APU

9223372036854775807

Description

This exceptional 53,311-square-foot former grocery store in Beaumont, Texas, is available for lease. Located within Phelan Plaza at 3955 Phelan Blvd, this Class B property offers a single-story building with high visibility at the busy intersection of Phelan Blvd. and 23rd St. The space is fully vacant and can be leased as a whole (53,311 sq ft) or potentially subdivided to a minimum of 10,000 sq ft. The property benefits from its location in a neighborhood shopping center with a total gross leasable area of 100,693 square feet. Its strategic corner location ensures high traffic and excellent visibility, attracting a significant number of potential customers. The presence of nearby established businesses, including a Kroger, further enhances foot traffic and creates a thriving retail environment. This property presents a unique opportunity for a grocery store or other large-format retailer seeking a prominent location in a busy Beaumont commercial area. The property is situated in Jefferson County, Texas, and has a zip code of 77707. The building consists of two suites in total. This is a rare opportunity to secure a substantial retail space in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $21,273,416

  6.5%

  $19,637,000

  7%

  $18,234,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,057,326

  Geo Method

  $39,717,940

• Alternative Use

  Use

  Valuation

  Residential

  $16,564,544

  Hospitality

  $15,173,033

  Educational

  $12,623,786

  Medical

  $13,057,937

  Retail

  $19,637,000

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0834

Longitude

-94.1442

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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