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1645 Jefferson Dr
Port Arthur, TX 77642
Gulfway Plaza & Adjoining Land · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2019 Construction. 12,120+/- SF Building on 1.34+/- Acre Site Plus Additional 10.48 AC of Commercial Land
- Avg. Gross Rental Rate of $19.64 PSF, Owner can Create Significant Upside by Increasing Base Rates to Market Rates & Converting to NNN
- Attractive WALT – Over 25% of Center has 4 Years Remaining on Initial Term, 50% of Center has 3 Years Remaining
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,180 SF
Building Class
B
Year Built
2019
Price
$4,835,000
Price Per SF
$396.96
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
11.82 AC
Zoning
Commercial
Frontage
120’ on Jefferson Dr
AMENITIES
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 049400-000-023400-00000 | Improvements Assessment | $927,924 |
| Land Assessment | $416,260 | Total Assessment | $1,344,184 |
PROPERTY TAXES
Parcel Number
049400-000-023400-00000
Land Assessment
$416,260
Improvements Assessment
$927,924
Total Assessment
$1,344,184
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