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1625 W Cardinal Dr 2,400 SF Retail Building Beaumont, TX 77705 $1,695,000 ($706.25/SF)
Investment Highlights
- Prime location on W Cardinal Drive with a traffic volume of 10,193 vehicles per day and along Hwy 287 with a traffic volume of 50,867 vehicles per day
- 53,455 residents and 17,450 households in 5-mile radius; Each household has an average income of $58,566 per year
- Features a gas station and Super Food Mart with diesel offerings and a billboard located on the parcel
- About 4 miles to Downtown Beaumont, 3 miles to 383-bed Baptist Hospitals of Southeast Texas and 1.8 miles to Lamar University (17,000+ students)
- Surrounded by major industrial, electrical, and shipping tenants within a 2-mile radius, including FedEx, Mustang Cat, Pepsi Cola and more
- On ~ 1 acre of land which allows for future expansion of the store which will increase volumes
Executive Summary
Prime opportunity to acquire a gas station off highway exit with no fuel contract. Underperforming location with plenty of upside.
The open fuel contract provides for flexibility and rebranding potential.
Redevelopment, value-added opportunity
Data Room Click Here to Access
Property Facts Under Contract
About 1625 W CARDINAL DR , BEAUMONT, TX 77705
Motivated seller open to offers, contact us for more information on the opportunity. Gas Station with cafe and billboard. This owner/user opportunity features a gas station with diesel pumps for large trucks and provides significant potential to increase both fuel and retail sales with property operation. The property features a billboard located on the parcel, offering potential for additional income for the future owner. Building size: 2,400 sq ft Lot size: .94 acres Year built: 1987 - 1988 No fuel contract Inside cafe tenant doing about $30,000 in sales per month and paying $2,000 per month in rent Phase 2 has been recently completed and there are currently no known issues according to seller. ISTM report analyzing the stores potential if property operated. Projected Fuel sales: 88,000 to 92,000 gallons / month Projected Convenience store sales: $73,000 to $77,000 / month Projected Fast Food Cafe sales: $21,000 to $22,000 / month Plus billboard rental income, ATM and Lotto A fuel supplier has offered to update the property and do a fuel contract, offering $200,000 cash incentive plus about 250k in upgrades. So a new owner could keep independent or sign up with this fuel supplier or another company as many jobbers would like the location due to it's location. Image of that offer is attached. For more details email info@uptowncommercialcapital.com
Property Taxes
| Parcel Number | 233220-000-007300-00000 | Improvements Assessment | $369,374 |
| Land Assessment | $42,079 | Total Assessment | $411,453 |
Property Taxes
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1625 W Cardinal Dr
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