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Pasadena Retail Investment Opportunity
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Pending

3330 Spencer Hwy, Pasadena, TX 77504

Retail center anchored by Family Dollar in Pasadena, Texas.

Property Size26,050 SF
Days on Market851

Property Features for 3330 Spencer Hwy

General Information

Standard status Pending
Size 26,050 SF
Property subtype Retail
Occupancy 36%
Lease Type NNN
Investment Type Value Add

Building Details

Year Built 1984
Year Renovated 2022
Buildings 1
Stories 1
Tenancy Multi
Listing Agency: The Blue Ox Group
Listed By: Josh Jacobs · License #TX448255
Source: Crexi
Added: Apr 15, 2024 Changed: Aug 11 Last Checked: Aug 12 at 10:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Blue Ox Group

Investment Insights

Based on property information with market context.

Pasadena Shopping Center, located in Pasadena, TX, presents a retail investment opportunity. Anchored by Family Dollar (NYSE: FDO), a Dollar Tree company, this center is a value-add investment, suitable for an owner-user. The property is positioned at the signalized intersection of Spencer Hwy and Strawberry Rd, offering frontage on Spencer Hwy, a main thoroughfare. The location provides access and exposure to over 47,500 vehicles per day. The surrounding area features national retailers such as Kroger, Walgreens, Petco, Memorial Hermann, Burkes Outlet, GNC, and AT&T. The property benefits from established trade area demographics. Within a 5-mile radius, the average household income exceeds $82,000. The population within 5 miles is over 291,000, with a daytime population of over 180,944. Employment in Pasadena is connected to ship channel industries, the Bayport Industrial District, and the Lyndon B. Johnson Space Center. The property size is 26,050 square feet.

Key Highlights

  • High traffic location: Over 47,500 cars per day at a signalized intersection on Spencer Hwy.
  • Strong demographics: Average household income exceeds $82,000 within 5 miles.
  • High population density: Over 291,000 residents and a daytime population of over 180,944 within 5 miles.

Property Analytics

Current Use

Carlos Consultorio Physician

Suggested Use

Top Pick Real Estate Agency Electrical Service Computer & Electronic Repair Garden Center Accounting Firm Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,496
Businesses Nearby
294k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 53% Shops & Services 20% Groceries 17% Apparel 6%
Kroger Groceries
51,224 visits/mo 0.4 miles
Chick-fil-A Dining
45,435 visits/mo 0.3 miles
Dollar General Shops & Services
20,907 visits/mo 0.5 miles
Golden Corral Dining
14,446 visits/mo 0.1 miles
Petco Shops & Services
12,436 visits/mo 0.3 miles

Demographics for 77504, TX

25,728
Population
10,080
Households
2.6
Avg Household Size
33
Median Age
17%
College-Educated
79%
High-School Grad
5.6 sq mi
ZIP Area
4,594
Density / Sq Mi
$52,784
Median Household Income
$35,789
Median Earnings
$1,196
Median Rent
$207,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail center anchored by Family Dollar in Pasadena, Texas.
Where is this shopping center located?
The property is located at 3330 Spencer Hwy Pasadena, TX.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: High traffic location: Over 47,500 cars per day at a signalized intersection on Spencer Hwy.; Strong demographics: Average household income exceeds $82,000 within 5 miles.; High population density: Over 291,000 residents and a daytime population of over 180,944 within 5 miles.
More about this property
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