3330 Spencer Hwy Pasadena, TX 77504

This Pasadena, TX shopping center presents a compelling value-add investment opportunity, perfect for an owner-user. The 26,050 square foot property, built in 1984 and renovated in 2022, sits on an 84,032 square foot lot at the signalized intersection of Spencer Hwy and Strawberry Rd, boasting high visibility and exposure to over 47,500 vehicles daily. Currently 36% occupied, the center offers significant upside potential. A key anchor tenant is Family Dollar, operating under a NNN lease with 5 years remaining. The property's strategic location benefits from a strong surrounding retail environment, including national brands like Kroger, Walgreens, and Petco, and a robust demographic profile with average household incomes exceeding $82,000 within a 5-mile radius. The area's employment base is driven by the ship channel industries, Bayport Industrial District, and the Lyndon B. Johnson Space Center. The asking price is $3,500,000, translating to $134 per square foot and $42 per square foot for land value. This single-story building presents a rare chance to acquire a well-positioned retail asset in a thriving Texas market. The property is zoned for retail use and offers significant potential for future growth and development.