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Property profile

1655 Cardinal Dr Beaumont, TX 77705

OFF-MARKET
Land
1.4 ac lot
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Property summary

AI-generated overview

This exceptional 1.4-acre commercial land parcel presents a remarkable investment opportunity in Beaumont, Texas. Strategically located at the intersection of Highway 69 (Cardinal Drive) and MLK Boulevard, this property boasts significant frontage: approximately 400 feet along Highway 69 and 387 feet along Veach Avenue. The site's prime location ensures excellent visibility and accessibility, making it ideal for a variety of commercial ventures. Zoned for Light Industrial use, the property is well-suited for retail establishments, restaurants, financial institutions, or quick-service restaurants (QSRs). With its high traffic count and convenient access points, this location offers unparalleled potential for business growth and profitability. The asking price is $731,808, translating to a land value of $12 per square foot. The property's address is 1655 E Cardinal Dr, Beaumont, TX 77705, within Jefferson County. This is a rare opportunity to acquire a highly visible and accessible commercial lot in a thriving Texas market. Don't miss out on this chance to secure a prime location for your next business venture. The property offers excellent ingress and egress, further enhancing its appeal to potential tenants or owners.

Property profile

Verified
Property type Land
Lot 1.4 ac (60,984 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1655 Cardinal Dr Beaumont, TX 77705
Beaumont metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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