1203 Washington Blvd Beaumont, TX 77705-2033
- Retail space
- 1,184 SF
- 0.22 lot acres
Mar 28, 2025
Current Use by Public Records
- Retail space
Property Details for 1203 Washington Blvd
- Year built
- 1961
- Lot size
- 0.22 lot acres
- Property size
- 1,184 SF
- Property type
- Retail space
- APN
- 001951-000-016700-00000
- APU
- 195100001670000000
Description
This 1,184 square foot free-standing retail space, built in 1961, is located at 1203 Washington Blvd, Beaumont, TX 77705, on a corner lot at the intersection of Washington Blvd and Victoria. The single-tenant property sits on 0.222 acres and offers plenty of parking. Its versatile design is suitable for various uses including retail, office, and restaurant operations, specifically catering to insurance, medical, pharmacy, home health, herbal, salon, spa, nail, packaging, mail, call center, general retail, or clothing businesses. The property benefits from exceptional visibility due to its location in a high-traffic area, experiencing 11,000-15,000 vehicles per day. A diverse community of 20,000 to 40,000 people resides within a 1-3 mile radius, creating a strong potential customer base. Its proximity to major employers such as the University, Oil and Gas companies, the Port of Beaumont, and the downtown area, as well as 24/7 businesses, ensures a consistent flow of potential customers, including out-of-town employees. The location also offers convenient access to freeways and is near popular national brand stores and restaurants. The lease rate is $1.10 per square foot per month.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $265,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $220,000
- 6.5%
- $205,000
- 7%
- $190,000
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Location Insight
- Map
- Local Demand
- City
- Beaumont
- County
- Jefferson
- State
- Texas
- Longitude
- -94.0962
- Latitude
- 30.0567
- CBSA code
- 13140
- CBSA name
- BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA
