525 9th Ave Port Arthur, TX 77642-3323

Property Details for 525 9th Ave

Year built

1957

Lot size

0.16 lot acres

Property size

1,724 SF

Property type

Medical offices

Property subtype

Medical centers

APN

044650-000-021500-00000

APU

4465000002150000000

Description

This exceptional mixed-use property in Port Arthur, Texas, presents a compelling investment opportunity. Spanning 1,724 square feet, this vacant building boasts four units and is ideally situated just four minutes from Lamar Port Arthur University. Recently renovated in 2023, the property offers immediate occupancy and significant potential. Previously generating up to $3,200 in monthly rental income from refinery workers (rental agreements available upon request), this property is well-suited for a variety of uses, including office space, Airbnbs, or residential conversion. The property includes an RV hookup in the rear, although its functionality is unverified. The asking price is $149,900, representing a compelling price per square foot of $86.95. The seller is offering a 100% ownership stake and is willing to provide information regarding their flood insurance policy (though not mandated). The property is available for immediate showings, with a lockbox on-site for convenient access. While the seller will not undertake any repairs, the property is being sold "as is." The seller has explored financing options, indicating potential for both cash and commercial loan purchases. This is a rare opportunity to acquire a fully renovated, income-generating property in a prime location. An independent appraisal valued the property at $194,100. The property is located at 525 9th Ave, Port Arthur, TX 77642.