For Sale
$1,250,000

2627 Allen Genoa RdPasadena, TX 77502

High-Income Flex Property: Pasadena, TX

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity in Pasadena, Texas! This 87,102 square foot flex property, known as Ekko Car Wash, presents a unique blend of income streams. The property includes multiple hand car wash bays, readily adaptable to automated systems, offering significant upside potential. Adding to its versatility are 22 rentable storage units, plus ample space for additional storage containers, generating consistent revenue. Two modular homes on the site provide substantial rental income, a rare find in this market. The property also offers the potential to add a food truck rental space, further enhancing profitability. While formal financial records are unavailable, current occupancy and income from the majority of storage units and modular homes demonstrate strong cash flow. The asking price is $1,250,000 ($14.35/sq ft), and seller financing is available with a $500,000 down payment, a five-year term, and a 10% interest rate. This is a value-add redevelopment opportunity in a prime Pasadena location, offering a diverse income portfolio and significant growth potential. The property is located at 2627 Allen Genoa Rd, Pasadena, TX 77502. The lease type is gross, and the tenancy is multi.

Highlights

  • Exceptional mixed-use investment opportunity in Pasadena, TX. 87,102 SF flex property with strong cash flow.
  • Multiple hand car wash bays, adaptable to automation.
  • 22 rentable storage units plus space for additional containers.
  • Two modular homes providing substantial rental income.
  • Potential for additional income via food truck rental space. Seller financing available: $500,000 down, 5-year term, 10% interest. Asking price: $1,250,000 ($14.35/SF).

Property Details for 2627 Allen Genoa Rd

Property type
Industrial properties, Flex space
Square Feet
87,102 SF

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.6718778
Longitude
-95.2200204
2627 Allen Genoa Rd, Pasadena, Texas

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2627 Allen Genoa Rd
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