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$695,000

000 MLK Drive/Pleasure Island, Port Arthur, TX, 77643

Off MarketInfo
Baths0 Bath

About this property

Waterfront Commercial Property! Appx 460' of road frontage and appx 644' of water frontage per seller! Near Texas/Louisiana causeway bridge. The City of Port Arthur Zoning Ordinances allows so many possibilities for investors for this waterfront property! Marina (this property is waterfront), Multi-family dwellings (including condominiums), Assisted living facilities, Cemetery or Mausoleum, Place of Worship, School - trade school or vocational, Urgent Care or Emergency Room, Bar or Tavern, Event Center, Zoo, Parking lot(nearby industry expansion needs), Warehouse or storage facility, Dry boat storage, Gas station, Animal services (inside or outside pens), Grocery store or convenience store, Hotel or Motel, Laundromat, Self-Storage or Mini-Warehouse, Professional office space, Restaurant, Retail shops, Scientific and Research Laboratory, Art studio, Tattoo studio, Tobacco or Vape shop, Equipment yard, Commercial truck parking, storage or rep

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,170 /month
Positive
Cash Flow Estimate:
$1,390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Port Arthur

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