Three-Suite Strip Center with
790 Neches St Beaumont, TX 77701
790 Neches St, Beaumont, TX, 77701
Contact for pricing
For Sale
Contact for pricing
2008-built multi-suite strip center with three restaurant suites, plus separate paved parking across Neches St.
Property Size6,426 SF
Lot Size1.53 Acres
Price / SF$143.95
Days on Market48
Property Features for 790 Neches St
General Information
- Standard status
- Active
- Size
- 6,426 SF
- Lot size
- 1.53 Acres
- Property subtype
- RETAIL
Listing agency
RE/MAX One
(409) 782-1925
Listed by
Kerry Moncla · License #515344
(409) 782-1925
Source
Moodyscre
Added: Jun 5 Updated: Jul 21 at 7:46PM Checked: Jul 21 at 7:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX One
Investment Insights
Based on property information with market context.
Neches Plaza is a 2008-built, approximately 6,426-square-foot multi-suite strip center configured with three restaurant suites. Suite A is currently vacant and is approximately 2,808 square feet, and the space is offered with the restaurant furnishings, fixtures, and equipment already in place. Suite B is approximately 1,625 square feet and is leased to Las Cazuelas Mexican Restaurant under a NNN lease term of under three years. Suite C is approximately 1,875 square feet and is leased to Greek Gyro Restaurant under a NNN lease term of under three years.
The property includes additional land tracts adjacent along Neches St between Wall St and Forsythe St, and it is immediately adjacent to and spanning the eastern boundary of the Cathedral Square Condominiums. Also included is approximately 0.89 acres of paved asphalt parking lot directly across Neches St from the building, intended for parking in addition to street parking.
The site totals include both the strip center land and adjacent tracts, and the property is zoned CBD—Central Business District (please verify with the City of Beaumont). Lease and income data are available upon request.
The property includes additional land tracts adjacent along Neches St between Wall St and Forsythe St, and it is immediately adjacent to and spanning the eastern boundary of the Cathedral Square Condominiums. Also included is approximately 0.89 acres of paved asphalt parking lot directly across Neches St from the building, intended for parking in addition to street parking.
The site totals include both the strip center land and adjacent tracts, and the property is zoned CBD—Central Business District (please verify with the City of Beaumont). Lease and income data are available upon request.
Key Highlights
- 2008‑built ±6,426 SF multi‑suite strip center in downtown Beaumont (Neches Plaza).
- Three suites: Suite A ±2,808 SF (currently vacant, formerly New York Pizza Pasta, includes FFE).
- Suite B ±1,625 SF and Suite C ±1,875 SF are occupied by Las Cazuelas Mexican Restaurant and Greek Gyro Restaurant.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.5k | $18.60 |
| − Vacancy | −$9.0k | −$1.40 |
| EGI | $110.6k | $17.21 |
| − OpEx | −$27.6k | −$4.30 |
| NOI | $82.9k | $12.90 |
6,426 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,919 @ 7.0% cap · market cap 8.96%
Second Best
Retail
$1.02M
$895.2K – $1.19M
NOI $71,616 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,229 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dooley's BBQ & Grill
Restaurant
New York Pizza ...
Restaurant
Las Cazuelas
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - 2008-built multi-suite strip center with three restaurant suites, plus separate paved parking across Neches St.
Where is this strip mall located?
The property is located at 790 Neches St Beaumont, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2008‑built ±6,426 SF multi‑suite strip center in downtown Beaumont (Neches Plaza).; Three suites: Suite A ±2,808 SF (currently vacant, formerly New York Pizza Pasta, includes FFE).; Suite B ±1,625 SF and Suite C ±1,875 SF are occupied by Las Cazuelas Mexican Restaurant and Greek Gyro Restaurant.
