615 Washington Blvd Beaumont, TX 77705-2345

This 1,377-square-foot quick-service restaurant (QSR) property, formerly a Church's Chicken, is available for sale at $650,000. Located at 615 Washington Blvd in Beaumont, Texas, this vacant property sits on a 0.39-acre lot and boasts a drive-thru. The building, constructed in 1978, is a single-story Class C structure with 26 parking spaces. The property benefits from a high-traffic location at the southwest corner of Irving Ave and Washington Blvd, near major thoroughfares like S ML King Pkwy. Daily traffic counts on Washington Blvd are approximately 10,000 vehicles, and W MLK Pkwy sees around 22,000 vehicles daily. The area is a thriving commercial hub with nearby national retailers including Jack in the Box, Starbucks, McDonald's, and Sonic. The property's location near Lamar University and major industries contributes to its strong potential. A lease with Royal Texas, LLC, a 60-unit franchisee, runs until June 30, 2032, providing a stable income stream of $50,000 annually. This presents a significant redevelopment opportunity or a straightforward lease-up for a new tenant. The property's location in Texas offers a tax-free advantage. The asking price per square foot is $472.04, and the land value is also $472 per square foot. This investment offers both immediate returns and potential for significant capital gains. The property's APN is 001951-000-004000-00000.