0 Sec Sam Houston Tollway Tx-8 & Spencer HwyPasadena, TX 77505

For Sale
$2,074,050

High-traffic retail development opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 1.9-acre commercial pad site presents a unique investment opportunity in the thriving city of Pasadena, Texas. Strategically located at the southeast corner of the Sam Houston Tollway (TX-8) and Spencer Highway, this property boasts unparalleled visibility and accessibility. With approximately 82,962 square feet of land, it's ideally suited for retail development, benefiting from its adjacency to an established Saltgrass Steakhouse. The site offers significant frontage along the East Sam Houston Parkway, ensuring maximum exposure to the substantial daily traffic volume. Data from 2022 indicates approximately 64,351 vehicles per day travel on the Sam Houston Tollway in this area, highlighting the high traffic count and potential customer base. Infrastructure is already in place, including detention and all necessary utilities, simplifying the development process and reducing upfront costs. The asking price is $2,074,050, translating to $25 per square foot. This prime location, coupled with its existing infrastructure and high traffic counts, makes this property an exceptional opportunity for investors seeking a high-return retail development project in a bustling commercial area of Harris County. The property is zoned for commercial and retail uses.

Highlights

  • High-visibility corner lot at Beltway 8 & Spencer Highway.
  • 1.9-acre site (approx. 82,962 SF).
  • Adjacent to established Saltgrass Steakhouse.
  • Excellent retail development opportunity.
  • Significant frontage on East Sam Houston Parkway.
  • Ready for development; detention & utilities in place.

Property Details for 0 Sec Sam Houston Tollway Tx-8 & Spencer Hwy

Property type
Other retail properties, Other land
Lot Size (sq. ft)
82,764 SF

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.6656455
Longitude
-95.1561671
Sec Sam Houston Tollway Tx-8 & Spencer Hwy, Pasadena, Texas

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0 Sec Sam Houston Tollway Tx-8 & Spencer Hwy
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