2079 Pasadena BlvdPasadena, TX 77502

Property Details for 2079 Pasadena Blvd

Year built

1994

Construction

BRICK

Lot size

0.43 AC

Property size (Sq ft)

2,226 SF

Property type

Retail properties

Property subtype

Self service car washes

APN

1184030010002

APU

1184030010002

Description

This exceptional investment opportunity presents a 2,922 square foot, single-story car wash situated on a 0.43-acre lot at 2079 Pasadena Blvd, Pasadena, TX 77502-2954. Built in 1994 and renovated in 2016, this property boasts a 16-foot ceiling height and offers significant potential for growth. The property's mixed-use zoning (Permitted Zoning: N/A) allows for diverse possibilities, capitalizing on the area's ongoing development and high traffic volume of 13,643 vehicles per day (VPD). Its strategic location on Pasadena Boulevard provides 152 feet of frontage, enhancing visibility and accessibility. The property's current use as an income-producing car wash, combined with its proximity to both commercial and residential properties, creates a unique opportunity for an owner/user or investor seeking a high-return asset in a thriving area. The Harris County location offers a blend of retail and residential uses, making this a versatile and attractive investment. The property's parcel number is 1184030010002. This is a rare chance to acquire a well-established business in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $670,156

  6.5%

  $618,606

  7%

  $574,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $829,139

  Geo Method

  $1,679,434

• Alternative Use

  Use

  Valuation

  Residential

  $521,817

  Hospitality

  $477,982

  Educational

  $397,675

  Medical

  $411,352

  Retail

  $618,606

Location Insight

City

Pasadena

County

Harris

State

Texas

Latitude

29.6824

Longitude

-95.1846

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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