Restaurant Building with
New
For Sale
$3,500,000
7875 Memorial Blvd, Port Arthur, TX 77640
Port Arthur, TX
Property Size8,233 SF
Lot Size2.14 Acres
Price / SF$425.12
Days on Market1
Property Features for 7875 Memorial Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Freestanding
Elementary school district
Port Arthur ISD
Middle school district
Port Arthur ISD
High school district
Port Arthur ISD
Directions
Located on south side of Hwy. 69 between Hwy. 365 and Jimmy Johnson Blvd.
Subdivision
Port Arthur 1
Standard status
Active
Size
8,233 SF
Lot size
2.14 Acres
Taxes and HOA fees
Tax Description
GRINGO'S PAD SITE 2 LT 1 2.1354AC
Legal Description
GRINGO'S PAD SITE 2 LT 1 2.1354AC
Utilities
Cooling system
Central Air, Electric
Building Details
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Brick/Veneer, Stucco
Listing Agency:
REGENCY Real Estate Pros.
(409) 724-6683
Listed By:
Libby Mitchell · License #0475701
(409) 718-1933
Added: Oct 14
Last Checked: Oct 14 at 5:06PM
MLS# 271706
Copyright © 2026 Beaumont Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This former restaurant occupies a 2.14-acre site and contains 8,233 square feet. Interior areas include a large kitchen, a bar, two public restrooms and one private restroom. The walk-in cooler and vent hood system are included; furnishings and other equipment are excluded.
The site fronts Hwy. 69 and is adjacent to Saltgrass Steakhouse and Cheddar's Scratch Kitchen. Paved parking covers 42,490 square feet.
The site fronts Hwy. 69 and is adjacent to Saltgrass Steakhouse and Cheddar's Scratch Kitchen. Paved parking covers 42,490 square feet.
Key Highlights
- 8,233‑square‑foot former restaurant on 2.14 acres
- 42,490 square feet of paved parking
- Frontage on Hwy. 69, adjacent to Saltgrass Steakhouse and Cheddar's Scratch Kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,317
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,326,340
$2.3M
Cap Rate 7%
$1,661,671
$1.7M
Cap Rate 9%
$1,292,411
$1.3M
Market Conditions
NOI Build-Up for 8,233 SF
Gross rent
$165.0K $20.04/SF
− Vacancy
−$9.9K −$1.20/SF
EGI
$155.1K $18.84/SF
− OpEx
−$38.8K −$4.71/SF
NOI
$116.3K $14.13/SF
Area
Jefferson County, TX
Vacancy
6.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,326,340
Cap Rate 7%
$1,661,671
Cap Rate 9%
$1,292,411
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,317 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$92.50M
$80.94M – $107.92M
NOI $6,475,085 @ 7.0% cap · market cap 185.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
85k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 18%
Hotels & Casinos 17%
Saltgrass Steak House
Dining
22,688 visits/mo
0.1 miles
Cheddar's Scratch Kitchen
Dining
21,054 visits/mo
0.2 miles
Exxon
Shops & Services
12,937 visits/mo
0.2 miles
Waffle House
Dining
8,492 visits/mo
0.2 miles
Holiday Inn Express & Suites Port Arthur Central-Mall Area
Hotels & Casinos
4,928 visits/mo
0.5 miles
Demographics for 77640, TX
16,618
Population
9,020
Households
1.8
Avg Household Size
39
Median Age
12%
College-Educated
84%
High-School Grad
37.3 sq mi
ZIP Area
446
Density / Sq Mi
$50,832
Median Household Income
$34,273
Median Earnings
$1,163
Median Rent
$97,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property retains kitchen and bar areas, along with a walk-in cooler and vent hood system.
Where is this conventional restaurant located?
The property is located at 7875 Memorial Blvd Port Arthur, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 8,233‑square‑foot former restaurant on 2.14 acres; 42,490 square feet of paved parking; Frontage on Hwy. 69, adjacent to Saltgrass Steakhouse and Cheddar's Scratch Kitchen
