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- LoopNet Team
2525 Highway 365
Port Arthur, TX 77640
Land For Sale
·
15.50 AC
INVESTMENT HIGHLIGHTS
- New 210 unit apartment complex and 80 room hotel constructed on the property.
- Owner willing to subdivide.
- 1,000 feet of highway frontage.
- There is over $50B in industrial projects planned for this area in the next 3 to 5 years.
- Zoned light commercial.
- 1,000 feet of highway frontage.
PROPERTY FACTS
DESCRIPTION
A developer's dream, this 15.5 acres of commercial land is primed and ready for retail/commercial development. With over 1,000 feet of highway frontage, and almost 30k vehicles passing by it daily, this property offers high visibility for retail/commercial development. Located in a planned development area within the city limits, the property lies in the middle of established retail and commercial business. Connecting to the subject property is a newly constructed 210 unit “high end, market rate” apartment complex, that is opening April of 2020. A four-story, 80 room enclosed hotel will be located next to the subject property and is slated to break ground in the summer of 2020. Residence Inn by Marriott is building a new hotel with 1/2 mile, as well as three new restaurants are under construction within close proximity of the subject property. One of them being Olive Garden. This property is ready to develop with over $1.5MM spent in infrastructure upgrades to the subject and surrounding properties. Call or email today for more information.
