525 9Th AvePort Arthur, TX 77642

For Sale
$149,900

1,724 SF, 4 Units, Vacant, Updated

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • 1,724 SF mixed-use building with four units in Port Arthur, TX, four minutes from Lamar Port Arthur University.
  • Recently renovated in 2023, currently vacant, and ready for immediate occupancy.
  • Previously generated $3,200/month in rental income; suitable for office, Airbnb, or residential use.
  • Asking price: $149,900 ($86.95/SF); independently appraised at $194,100.
  • Includes RV hookup (functionality unverified); sold as-is; financing options available; lockbox on-site.

Property Details for 525 9Th Ave

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
1,724 SF
Year Renovated
2023
Units
4

Location Insight

City
Port Arthur
County
Jefferson
State
Texas
Latitude
29.900650263953
Longitude
-93.910197392332
525 9Th Ave, Port Arthur, Texas

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525 9Th Ave
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