350 Magnolia Ave
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350 Magnolia Ave
100,611 SF 100% Leased Office Building Beaumont, TX 77701 $4,400,000 ($44/SF)
Investment Highlights
- Centrally located in downtown Beaumont
- Excellent parking
- Secure facility
Executive Summary
Former government office building for sale. Parking lot has room for 250+ vehicles. Centrally located in downtown Beaumont, Texas. Sprinkler system and excellent security features. Three stories and a basement. Small secure jail cell that can be repurposed for secure storage. Net leasable area is over 61,000 sq ft. 320 tons of HVAC. Two passenger elevators with one suitable for freight. Easily divisible for multiple tenants if desired. Property is within walking distance of Edison Plaza, the Port of Beaumont, Beaumont Police Department, Beaumont Civic Center, city hall, city and county courthouses, several parks, and multiple local restaurants.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
100,611 SF
Building Class
B
Year Built/Renovated
1960/1994
Price
$4,400,000
Price Per SF
$44
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
33,537 SF
Building FAR
0.84
Lot Size
2.74 AC
Opportunity Zone
Yes
Zoning
CBD - Central business district
Parking
250 Spaces (2.48 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Basement
- Central Heating
- Secure Storage
- Drop Ceiling
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 008700-000-015000-00000 | Total Assessment | $1,045,487 |
| Land Assessment | $60,582 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $984,905 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
008700-000-015000-00000
Land Assessment
$60,582
Improvements Assessment
$984,905
Total Assessment
$1,045,487
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Presented by
GW Properties
350 Magnolia Ave
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