6150 Spencer HwyPasadena, TX 77505

Property Details for 6150 Spencer Hwy

Year built

2007

Construction

CONCRETE BLOCKS

Lot size

2.91 AC

Property size (Sq ft)

7,748 SF

Property type

Grocery and convenience stores

APN

1286450010001

APU

1286450010001

Description

This exceptional one-acre commercial land parcel is ideally situated at 6150 Spencer Highway in Pasadena, Texas, within the highly desirable Harris County. Boasting excellent visibility on a major thoroughfare, this property benefits from significant daily traffic flow, making it perfect for a variety of commercial ventures. Its location offers easy access to the Sam Houston Tollway, less than 0.55 miles away, ensuring convenient connectivity for customers and employees. The property is zoned for commercial use and presents a unique opportunity for developers or businesses seeking a high-traffic location. The land is priced at $9 per square foot. Note that this property is located within a floodplain, as designated by FEMA. Detailed demographic information is available upon request, providing valuable insights into the surrounding market. The 2023 total tax rate for this location in Pasadena ISD is $2.27 per $100 of assessed value. This prime commercial land presents a compelling investment opportunity in a thriving Texas market. Don't miss this chance to secure a strategic location for your next project.

• CAP approach

  CAP return

  Valuation

  6%

  $1,877,230

  6.5%

  $1,732,830

  7%

  $1,609,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,191,040

  Geo Method

  $2,412,460

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,447,700

  Mixed-Use / Specialty

  $1,698,970

  Hospitality / Lodging

  $1,210,440

  Office

  $1,660,040

  Institutional / Educational

  $1,756,350

  Residential Income

  $2,054,930

  Multifamily

  $2,618,050

  Automotive / Energy

  $1,505,440

  Parking / Income-Based Land

  $546,862

  Restaurant / Food Service

  $824,562

  Healthcare / Senior Housing

  $1,770,650

Location Insight

City

Pasadena

County

Harris

State

Texas

Latitude

29.6652

Longitude

-95.1463

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].