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Property profile & analytics
FOR SALE
Grocery and convenience stores

1650 W Cardinal Dr Beaumont, TX 77705

4,849 SF 6.95 ac lot Built 1995
Entity Owned 11-yr Hold Free & Clear
Property ID
US82-4360847
Property summary
AI-generated overview

This exceptional 4.95-acre commercial land parcel presents a unique investment opportunity in Beaumont, Texas. Strategically located on West Cardinal Drive (Hwy 69) and Florida Avenue, the property boasts fantastic visibility and easy access to I-10 and US Hwy 69, ensuring high traffic exposure. The lot, while irregularly shaped, offers significant development potential for a variety of uses. The permitted zoning is GC-MD (verification with the city is recommended). Its proximity to Lamar University adds to its appeal, tapping into a substantial population base. The property's high visibility and convenient location make it ideal for office, retail, or multi-family development. The 2017 estimated property taxes were $4,955.37. With an asking price of $1,401,571 and a land value of $6.50 per square foot, this property represents a compelling investment in a thriving Texas market. The address is 1650 W Cardinal Dr, Beaumont, TX 77705, situated in Jefferson County. The average daily traffic count (ADT) is 68,589, underscoring the high volume of potential customers. This is a rare opportunity to acquire a significant commercial tract in a high-growth area. Don't miss out on this chance to secure a prime piece of Beaumont real estate.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1995
Total area 4,849 SF
Lot 6.95 ac (302,712 SF)
APN 233220-000-007400-00000
UPID US82-4360847
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Exxpress Mart #29 Grocery & Convenience Store
  • ATM (Fastlane) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$830k
Comparable Approach Comparable
$866k
Blend (final) Blend
$850k
Owner & transaction history
Magna Properties Ltd · 11 yrs held
Magna Properties Ltd
since 2014
2 recorded transactions
2014
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $680,000 +10.1%
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More about this property
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