8460 Memorial Blvd | Port Arthur, TX 77642
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- LoopNet Team
8460 Memorial Blvd
Port Arthur, TX 77642
Central Mall Shoppes · Retail Property For Sale
Investment Highlights
- Newly constructed and 100% leased to national, corporate tenants on new leases with built-in rental escalations
- Boasts an impressive 10.39/1000 sf parking ratio, providing ample daily customer and employee parking as well as allowing for long term flexibility
- Port Arthur is home to a top-ranked port as well as petrochemical plants and the largest refinery in the nation, underpinning a strong employment hub
- Shadow anchored by Target and Central Mall, a dominant retail destination for the Beaumont/Port Arthur/Orange MSA
- Positioned along U.S. Hwy 69/96/287 (Memorial Blvd), the dominant retail corridor, with exposure to a combined 96,000 cpd
- Due to the high demand for daily workforce staffing, the Property is immediately surround by over 2,200 multifamily units within a one-mile radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Retail
Building Size
7,700 SF
Year Built
2023
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.67 AC
Parking
10.39 Spaces per 1,000 SF Leased
Frontage
508 FT on Highway 365
PROPERTY TAXES
| Parcel Number | 029001-000-001500-00000 | Improvements Assessment | $4,595,610 |
| Land Assessment | $920,690 | Total Assessment | $5,516,300 |
PROPERTY TAXES
Parcel Number
029001-000-001500-00000
Land Assessment
$920,690
Improvements Assessment
$4,595,610
Total Assessment
$5,516,300
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