Port Arthur St Port Arthur, TX 77642
- Land
- 10.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Port Arthur St
- Lot size
- 10.00 lot acres
- Property type
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Arthur
- County
- Jefferson
- State
- Texas
- Longitude
- -93.8961
- Latitude
- 29.9052
