6868 Spencer HwyPasadena, TX 77505

Property Details for 6868 Spencer Hwy

Year built

1986

Construction

CONCRETE BLOCKS

Lot size

0.96 AC

Property size (Sq ft)

8,624 SF

Property type

Retail space

APN

440830000120

APU

440830000120

Description

This exceptional retail property, located at 6868 Spencer Highway, offers a prime opportunity for businesses seeking high visibility and strong foot traffic. The center boasts a total of 8,624 square feet, divided into five individual suites, with two currently available for lease. Suite sizes range from 1,470 to 2,386 square feet, providing flexibility for various retail concepts. The property enjoys a highly desirable location at the southwest corner of Spencer Highway and Red Bluff Road, benefiting from exceptional exposure to over 43,800 vehicles per day. This strategic position places the center in close proximity to a variety of established national retailers, including Harbor Freight Tools, Big Lots, Kroger, Dollar Tree, and LA Fitness, creating a synergistic environment and attracting a substantial customer base. The multi-tenant configuration offers a diverse retail mix, enhancing the overall appeal and drawing power of the center. This is an ideal investment for businesses seeking a thriving retail location with excellent visibility and strong demographics. The property is situated in Harris County, providing easy access to major transportation routes and a large consumer market. Serious inquiries are encouraged to explore this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,089,480

  6.5%

  $1,928,750

  7%

  $1,790,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,325,700

  Geo Method

  $2,685,220

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,837,500

  Mixed-Use / Specialty

  $1,891,060

  Hospitality / Lodging

  $1,347,290

  Office

  $1,847,730

  Institutional / Educational

  $1,954,920

  Residential Income

  $2,287,260

  Multifamily

  $2,914,050

  Automotive / Energy

  $1,675,650

  Parking / Income-Based Land

  $608,691

  Restaurant / Food Service

  $917,788

  Healthcare / Senior Housing

  $1,970,840

Location Insight

City

Pasadena

County

Harris

State

Texas

Latitude

29.663

Longitude

-95.1329

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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