1700 Jefferson Dr | Port Arthur, TX 77642
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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
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 049400-000-007050-00000 | Improvements Assessment | $1,663,036 |
| Land Assessment | $172,062 | Total Assessment | $1,835,098 |
PROPERTY TAXES
Parcel Number
049400-000-007050-00000
Land Assessment
$172,062
Improvements Assessment
$1,663,036
Total Assessment
$1,835,098
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