2000 Richey StPasadena, TX 77502

Property Details for 2000 Richey St

Year built

1955

Construction

BRICK

Lot size

6.30 AC

Property size (Sq ft)

68,279 SF

Property type

Retail properties

Property subtype

Strip malls

APN

462240000060

APU

462240000060

Description

This exceptional retail opportunity presents four available spaces within the thriving Allendale Shopping Center, located at 2000 S Richey St, Pasadena, TX 77502. The center is a well-established strip center in the Near Southeast Submarket of Houston, Harris County. Units range in size from 1,050 square feet to 2,400 square feet, offering flexibility for a variety of retail businesses. The property's total building size is 7,956 square feet, indicating a substantial and established retail presence. The center benefits from its location within a vibrant and diverse community, providing convenient access for both local residents and visitors, ensuring high foot traffic and visibility. This makes it an ideal location for businesses seeking strong community engagement and a robust customer base. The property's address is easily accessible, contributing to its appeal for both customers and employees. This is a rare opportunity to secure retail space in a well-established center within a thriving Texas community. The available spaces offer a chance to establish or expand a business in a high-traffic, convenient location. Interested parties should inquire promptly to secure their preferred space.

• CAP approach

  CAP return

  Valuation

  6%

  $20,555,970

  6.5%

  $18,974,740

  7%

  $17,619,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,432,522

  Geo Method

  $51,513,964

• Alternative Use

  Use

  Valuation

  Residential

  $16,005,904

  Hospitality

  $14,661,322

  Educational

  $12,198,048

  Medical

  $12,617,557

  Retail

  $18,974,740

Location Insight

City

Pasadena

County

Harris

State

Texas

Latitude

29.6826

Longitude

-95.2269

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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