0 Tx-82 Port Arthur, TX 77640
This exceptional 37.99-acre commercial and industrial property boasts 2600 feet of deepwater frontage on the Port Arthur Ship Channel, just 10 miles from the Gulf of Mexico. Located on Pleasure Island near the Intracoastal Canal and Turning Basin, across from Texaco Island, this site offers unparalleled access to the Gulf's extensive oil and gas platforms. A transferable Army Corps of Engineers permit allows for sheet piling, bulkhead installation, and dredging to a 40-foot depth along the entire 2600-foot waterfront. The property features apron widths ranging from 300 to 1000 feet, with varying distances from the bank to the ship canal (370 to 580 feet). A 22-foot-wide paved former highway traverses the property, providing convenient internal access. Ten acres are already stabilized. Its strategic location offers easy access to major highways and railroads, making it ideal for long-term lease or development opportunities serving the container industry, ship repair, and various other service companies. The property's proximity to the Port of Port Arthur further enhances its logistical advantages. This is a rare opportunity to acquire a prime waterfront property with significant development potential in a thriving industrial hub.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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