$1 Auction - REIT Sale | Former Popeyes 4049 Gulfway Dr 3,762 SF Retail Building Port Arthur, TX 77642 $103,387 CAD ($27.48 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, restaurant/retail building located at 4049 Gulfway Drive in Port Arthur, Texas 77642 (the “Property”). Formerly occupied by Popeyes Louisiana Kitchen, the Property is offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to secure a highly visible, strategically located asset at a substantial discount. FIRST BID MEETS RESERVE!
Built in 1984, the Property features a single-story, free-standing retail building totaling ±3,762 square feet, situated on a ±0.66-acre parcel (±28,763 SF). Located at the signalized hard-corner intersection of Gulfway Drive (Hwy-87) and Rosedale Drive, the site offers ±210 feet of prime frontage along Gulfway Drive and benefits from traffic counts of ±11,876 vehicles per day. With 32 surface parking spaces, the Property benefits from excellent visibility, convenient accessibility, and strong surrounding retail synergy. Three curb cuts – two along Gulfway Drive and one along Rosedale Drive - provide efficient ingress and egress to the site from both heavily trafficked corridors. The existing restaurant infrastructure makes the Property well-suited for restaurant reuse, retail repositioning, or complete redevelopment. Previously leased on a triple net (NNN) basis, the Property presents a compelling value-add opportunity to re-lease the space at market rents (CoStar-estimated $13–$16/SF Retail). Zoned LC, Light Commercial District, the site accommodates a dense mixture of uses, such as restaurant, retail, and other commercial uses, offering exceptional flexibility for prospective users, investors, and developers alike.
Strategically located in Port Arthur, TX, a growing city in Jefferson County, the Property is positioned in the Beaumont-Port Arthur metro area. This former Popeyes is located on a high-traffic, hard corner, along Gulfway Drive (Hwy 87) and is located a few blocks from downtown Port Arthur, providing easy access to the city’s central business district and nearby industrial hubs. The immediate trade area features prominent national and regional retailers including Walmart, H-E-B, Walgreens, Family Dollar, Advance Auto Parts, O’Reilly Auto Parts, and Auto Zone driving consistent consumer traffic and increasing exposure to the area. The area is also home to significant employment centers, including Motiva Enterprises (±3-mi), Valero Port Arthur Refinery (±4.5-mi), and TotalEnergies Petrochemicals (±4.5-mi), major drivers of economic activity in the region. The Property is located ±2.5-mi from TX-73 with over 37k VPD offering convenient access to the greater area and also benefits from proximity to I-10 (±20-mi), a critical transportation route for the Gulf Coast region. The Property is located in an area that serves 48,781 people within a 3-mile area and ±68,160 individuals with an AHHI of ±$71,126 within a 5-mile area further enhancing the area’s retail potential.