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1700 Jefferson Dr
Port Arthur, TX 77642
Port Arthur Grocery Anchored Shopping Center · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Fully Renovated in 2019
  • 7.2 Percent Cap Rate Day One
  • Tenancy Feature Strong Multi-Unit Operators with Long, Staggered Leases
  • Priced Well-Below Replacement Cost at $111 Per Square Foot
  • Legitimate Value-Add by Leasing 10,202 Square Feet of Vacancy
  • Located at Two Signalized Intersections on Approximately Four Acres

PROPERTY FACTS

Property Type
Retail
Building Size
49,330 SF
Building Class
C
Year Built
1978
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
3.95 AC
Zoning
F1 - mixed use
Parking
327 Spaces (6.6 Spaces per 1,000 SF Leased)
Frontage
300’ on gulfway

AMENITIES

  • 24 Hour Access
  • Conferencing Facility
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
049400-000-007050-00000
Land Assessment
$172,062
Improvements Assessment
$1,663,036
Total Assessment
$1,835,098
  • Listing ID: 32200532

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: 1700 Jefferson Dr, Port Arthur, TX 77642

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