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8333 9th Ave
Port Arthur, TX 77642
9th Avenue Medical Plaza | Value-Add · Office Property For Sale


Investment Highlights
- 2006 Built Medical Facility with Strong Value-Add Opportunity with Proforma CAP Rate of 9.77%
- Nearly 50% is Occupied by Baptist Hospital Cancer Center
- Value-Add Component of 1.95 Acre Undeveloped Land
- The New Owner can Occupy Exisiting 28% of the Space Now and Additional 22% in 2026
- Close Proximity to The Medical Center of Southeast Texas with 204 Beds and Other Medical Facilities
- Superior Location, Strong Visibility
Executive Summary
Marcus & Millichap is pleased to offer for sale the 9th Avenue Medical Plaza in Port Arthur, Texas. The subject property is a multi-tenant medical facility comprising a 25,077 square-foot building on 4.23 acres of land.
The property is strategically located on a major medical thoroughfare that includes The Medical Center of Southeast Texas, Christus St. Mary Outpatient Center, Center Well Senior Primary Care, Prime Occupational Medicine, and Exceptional Emergency Center of Port Arthur, to name a few.
Current occupancy is 72%, with another 22% becoming available for owner-occupancy in July 2026. The new owner can occupy the existing 28% now and an additional 22% in 2026. Almost half of the facility is occupied by the Baptist Hospital Cancer Center, which exercised its first option in 2025, extending the lease until 2028 with one more 3-year option remaining. For an investor, this property represents a great value-add opportunity with a pro forma CAP rate of 9.77% when stabilized. Another value-add component is the 1.95 acre undeveloped land included in the 4.23 acre total land parcel.
Port Arthur, the Cajun Capital of Texas, is located about 90 miles southeast of Houston and 18 miles south of Beaumont. The city offers a rich cultural and music scene, various outdoor and nature activities, and is a major hub for the petrochemical industry and a busy international port. This is a great opportunity to acquire a newer multi-tenant medical facility with the potential for 51% owner-occupancy and a strong value-add opportunity, offering a pro forma CAP rate of 9.77%.
The property is strategically located on a major medical thoroughfare that includes The Medical Center of Southeast Texas, Christus St. Mary Outpatient Center, Center Well Senior Primary Care, Prime Occupational Medicine, and Exceptional Emergency Center of Port Arthur, to name a few.
Current occupancy is 72%, with another 22% becoming available for owner-occupancy in July 2026. The new owner can occupy the existing 28% now and an additional 22% in 2026. Almost half of the facility is occupied by the Baptist Hospital Cancer Center, which exercised its first option in 2025, extending the lease until 2028 with one more 3-year option remaining. For an investor, this property represents a great value-add opportunity with a pro forma CAP rate of 9.77% when stabilized. Another value-add component is the 1.95 acre undeveloped land included in the 4.23 acre total land parcel.
Port Arthur, the Cajun Capital of Texas, is located about 90 miles southeast of Houston and 18 miles south of Beaumont. The city offers a rich cultural and music scene, various outdoor and nature activities, and is a major hub for the petrochemical industry and a busy international port. This is a great opportunity to acquire a newer multi-tenant medical facility with the potential for 51% owner-occupancy and a strong value-add opportunity, offering a pro forma CAP rate of 9.77%.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
25,077 SF
Building Class
B
Year Built
2006
Price
$5,000,000
Price Per SF
$199.39
Cap Rate
4.97%
NOI
$248,642
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,077 SF
Building FAR
0.14
Lot Size
4.23 AC
Property Taxes
| Parcel Number | 049400-000-041579-00100 | Improvements Assessment | $5,093,668 |
| Land Assessment | $677,265 | Total Assessment | $5,770,933 |
Property Taxes
Parcel Number
049400-000-041579-00100
Land Assessment
$677,265
Improvements Assessment
$5,093,668
Total Assessment
$5,770,933
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