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    Port Arthur St Port Arthur, TX 77642

    For Sale
    $966,000

    Prime 10-acre commercial lot, ideal for residential development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 10-acre commercial land parcel, located at 0 Port Arthur St, Port Arthur, TX 77642 (APN: 0851880000016), presents a unique investment opportunity. Zoned A1 Residential, this property offers significant potential for residential development, with preliminary plans indicating the possibility of 46 individual lots. The substantial lot size provides ample space for a variety of housing options, catering to the high demand for affordable housing in Port Arthur. The City of Port Arthur is offering a compelling incentive program, providing a 30% rebate on development costs for new construction, significantly reducing the financial burden and enhancing the project's profitability. Convenient access to Highway 73 ensures excellent connectivity to major transportation routes, facilitating easy commutes for future residents. The property's proximity to Central Mall, Motiva, and several area schools further enhances its desirability and potential for attracting residents. This is a rare opportunity to capitalize on the growing housing needs of the community while benefiting from substantial city incentives. The asking price for this exceptional property is $966,000.

    Property Features for 0 Port Arthur St

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre commercial land parcel in Port Arthur, TX (APN: 0851880000016), priced at $966,000.
    • Zoned A1 Residential, with preliminary plans for 46 residential lots.
    • City of Port Arthur offers a 30% rebate on new construction development costs.
    • Convenient access to Highway 73, near Central Mall, Motiva, and area schools.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.8960811
    Latitude
    29.9051634

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    FAQs

    What type of property is this?
    Land - Prime 10-acre commercial lot, ideal for residential development.
    Where is this land located?
    The property is located at Port Arthur St Port Arthur, TX.
    What is the asking price?
    The asking price for this property is $966,000.
    What are key features of this property?
    This property features: 10-acre commercial land parcel in Port Arthur, TX (APN: 0851880000016), priced at $966,000.; Zoned A1 Residential, with preliminary plans for 46 residential lots.; City of Port Arthur offers a 30% rebate on new construction development costs.
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    Port Arthur St 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
    Port Arthur St Port Arthur, TX 77642
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