Pasadena, TX Retail Property For Sale

Pasadena is home to a diverse range of industries, including petrochemical, manufacturing, healthcare, and aerospace. This diversity offers various opportunities for commercial enterprises. The use of land in Pasadena, including commercial lots, is typically subject to zoning and land use regulations set by the city government. These regulations define how the land can be used and the types of businesses that can operate on commercial lots. Commercial development in Pasadena contributes to the city's economy by creating jobs, generating tax revenue, and supporting the local community. If you are ready to view this commercial zoned property off of Fairmont Parkway Frontage give us a call today!

2nd Generation Restaurant/Bar parcel opportunity in Pasadena, TX near the intersection of Red Bluff and Spencer Highway.

The parking lot has 2 separate entrances and includes 134 parking spaces with 5 additional handicap and 3 motorbike parking spaces.

The building is 12,540 Sq Ft and is made up of a shell that is approximately 5,040 Sq Ft. and a bar that is currently lease and is approximately 7,500 Sq Ft.

Chase, Jiffy Lube and Kroger are a few key businesses in the area.

Highlights

• High-visibility and easily accessible location near the signalized intersection of Spencer Highway (32,600 VPD) and Burke Road (11,660 CPD)

• Irreplaceable infill location

• Fully Occupied with Triple Net Leases (CAM Reimbursements)

• 3-Mile population over 144,000

Owner will finance with $160,000 down, ZERO %, $7,000 monthly payments for 120 months

Remodeled in June 2019

• New Roof

• New Floors

• New Inside Wall Covering

• New Lighting

• Remodeled both Restrooms

• Seller/Owners remodeled Restaurant

Owner financing Terms:

• $140,000 Down

• 6% Interest

• 20 Year Amortization Table

• 5 Year Balloon