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    5850 Memorial Blvd Port Arthur, TX 77642

    For Sale
    $3,125,000

    62 Acres, Hwy Frontage, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 62.12-acre commercial land parcel in Port Arthur, Texas, presents a remarkable investment opportunity. Located at 5850 Memorial Blvd, Jefferson County, zip code 77642, this property boasts significant highway frontage along Highways 69, 96, and 287, accessible via the Jimmy Johnson exit or 60th Street. The site offers approximately 1860 feet of frontage on the major highways and an additional 1000 feet along 60th Street, ensuring high visibility and accessibility. Zoned PD-12, the property allows for a wide range of commercial uses, making it ideal for mixed-use development. A key feature is a 19-acre main lake with a depth of 20 feet, stocked with fish for over 20 years. The property's strategic location benefits from a high traffic count, with a Texas Department of Transportation (TxDOT) reported Annual Average Daily Traffic (AADT) of 48,388 vehicles. Furthermore, its proximity to a new high school, elementary school, city parks, and soccer fields adds to its appeal. The land is currently under agricultural exemption. The seller is willing to subdivide the property. This prime location and versatile zoning make this a truly unique opportunity for significant commercial development. Asking price is $3,125,000.

    Property Features for 5850 Memorial Blvd

    General Information

    Property type
    Land
    Lot Size
    2,705,947 SF

    HighLights

    • Ag‑exempt land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.9637477
    Latitude
    29.9249977

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    FAQs

    What type of property is this?
    Land - 62 Acres, Hwy Frontage, Mixed-Use Potential
    Where is this land located?
    The property is located at 5850 Memorial Blvd Port Arthur, TX.
    What is the asking price?
    The asking price for this property is $3,125,000.
    What are key features of this property?
    This property features: Ag-exempt land.; ;
    Request Owner's contact information
    5850 Memorial Blvd Port Arthur, TX 77642
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5850 Memorial Blvd Port Arthur, TX 77642
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