Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing second generation restaurant/retail building located at 2648 Memorial Blvd, Port Arthur, TX 77640 (the “Property”). Formerly occupied by Sonic Drive-In, the Property is being offered significantly below replacement cost, presenting an exceptional opportunity for investors to acquire a highly visible and strategically positioned asset with substantial value-add potential. FIRST BID MEETS RESERVE! Built in 1976, the Property consists of a one-story, free-standing building containing ±1,194 square feet with 24 parking stalls/ drive-up lanes under a covered roof. The Property is strategically located on a ±0.402 AC hard corner parcel and boasts 109’ ft of frontage/visibility along Memorial Blvd/Hwy-69 (±24,513 VPD), with convenient access through two points of ingress/egress point. The Property is zoned LC, Light Commercial District, offering favorable flexibility for a variety of uses, including retail, dining, or service-oriented businesses. With CoStar-estimated retail rents at ±$10-13/SF, this former QSR provides an outstanding opportunity for investors to achieve significant value-add through lease-up at market rates. 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 Sonic Drive-In is located on a high-traffic, hard corner, along Memorial Blvd/Highway 69 and is located just ±3-mi 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 at Central Mall and Park Central Crossing including Walmart, Lowe’s, Target (within ±5-mi), driving consistent consumer traffic and increasing exposure to the area. The area is also home to significant employment centers, including Motiva Enterprises (±5-mi), Valero Port Arthur Refinery (±6-mi), and TotalEnergies Petrochemicals (±6-mi), major drivers of economic activity in the region. Additionally, the Property is ±5-mi from Lamar State College Port Arthur, serving ±2,500 students; and ±14-mi from Lamar University, one of Texas’s fastest-growing universities, with more than 14,000 students. These institutions contribute significantly to daytime traffic and the availability of a skilled local workforce. The Property is located ±1-mi from TX-73 with over 35k VPD offering convenient access to the greater area and also benefits from proximity to I-10 (±14-mi), a critical transportation route for the Gulf Coast region. The Property is located in an area that serves nearly 45k people within a 3-mile area and ±76,398 individuals with an AHHI of ±$80K within a 5-mile area further enhancing the area’s retail potential.