000 And Pkwy Groves, TX 77642
This exceptional 2.559-acre commercial land parcel presents a remarkable investment opportunity in the thriving Port Arthur/Groves, Texas market. Strategically located on Highway 73 and East Parkway, this property boasts unparalleled visibility due to its position amongst popular restaurant chains, a Super Walmart, and numerous other established businesses. The site offers convenient access from Highway 73, with an existing easement providing direct access from East Parkway/Highway 73. Further enhancing its accessibility, the property also features an entrance from Twin City Highway. This prime location ensures high traffic counts and significant exposure for any commercial development. The property is zoned for commercial use, providing flexibility for a wide range of business ventures. With its ideal location, excellent visibility, and convenient access points, this property is poised for immediate development and represents a strong return on investment. The property is situated in Jefferson County, Texas, with a zip code of 77642. The asking price is $588,567. Don't miss this chance to secure a highly visible and accessible commercial property in a rapidly growing area.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.