Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1855 Richey St Pasadena, TX 77502

    Sponsored
    For Sale
    Contact for pricing

    6,481 SF Car Wash, Redevelopment Potential

    Property size:
    6,481 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,481-square-foot car wash, built in 2002 and renovated in 2022, sits on a 1.5-acre lot in Pasadena, Texas (77502). Located in Harris County, this single-story building presents a prime investment opportunity. Currently operational, the car wash generates immediate cash flow, offering a strong return on investment. However, the significant redevelopment potential is a key feature. The property's zoning allows for a variety of high-demand uses, including retail, RV parks, self-storage facilities, or multifamily developments. This makes it an attractive option for investors seeking diverse development possibilities in a rapidly growing area. The property benefits from its location within a federally designated Opportunity Zone, providing substantial tax advantages. Furthermore, owner financing is available, offering flexible terms to suit various investor needs. The property's APN is 0060010010001. This is a rare chance to acquire a cash-flowing asset with substantial upside potential in a desirable Texas location. The address is 1855 Richey St.

    Property Features for 1855 Richey St

    General Information

    Property type
    Automotive properties
    Square Feet
    6,481 SF
    Lot Size
    65,340 SF

    Building Details

    Year Built/Renovated
    2002/2022
    Buildings
    1
    Stories
    1

    HighLights

    • Pasadena, TX car wash investment opportunity on ±1.5 acres offering immediate cash flow and redevelopment potential for retail, RV park, self‑storage, or multifamily uses.
    • High redevelopment potential in a rapidly growing area with flexible zoning.
    • Located in a federal Opportunity Zone, providing substantial tax advantages.
    • Owner financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Monument Car Wash Car Wash Monument Car Wash/Food ... Auto Market

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.223752684682
    Latitude
    29.684016698408

    Nearby Similar for Sale

    • $951,252
      2,030 SF

      Retail/Office and Warehouse Space

      Retail building with warehouse on 5.04 acres in Pasadena.
      8050 Red Bluff Rd, Pasadena, TX 77507
      View Details
    • $895,000
      7,930 SF

      Pasadena Commercial Building For Sale

      7,930 SF commercial building in a developed Pasadena community.
      619 Jackson Ave, Pasadena, TX 77506
      View Details
    • $1,500,000
      37,233 SF

      Pasadena Office Building For Sale

      Four-story office building in Pasadena, Texas, with value-add potential.
      817 Southmore Ave, Pasadena, TX 77502
      View Details
    • $440,000
      1,325 SF

      Pasadena Commercial Property with Expansion Potential

      Versatile property with excellent visibility and room for growth.
      922 Main St, Pasadena, TX 77506
      View Details
    • $1,200,000

      Pasadena Retail Center For Sale

      Prime corner retail center in established Pasadena neighborhood.
      2037 Richey St, Pasadena, TX 77502
      View Details
    • $2,500,000

      Mixed-Use Property with Commercial Kitchen

      Multifaceted property featuring apartments, townhomes, commercial kitchen, and more.
      4309 Young St, Pasadena, TX 77504
      View Details
    • $239,000

      Waterfront Condo with Updated Features

      Updated 2-bedroom, 2-bath waterfront condo with balcony, pool, clubhouse.
      4747 Nasa Pkwy, Pasadena, TX 77586
      View Details
    • $85,000

      Charming Townhome in Prime Location

      Ideal starter home or investment opportunity near shopping and restaurants.
      3348 Burke Rd, Pasadena, TX 77504
      View Details
    • $299,900

      Updated Duplex with New Amenities

      Updated duplex featuring new windows, plumbing, and central air.
      3514 Mattye Maye Dr, Pasadena, TX 77503
      View Details
    • $1,360,000

      Renovated Multifamily Asset Near Houston

      17-unit renovated multifamily property, excellent location, immediate growth potential.
      4831 Sycamore Ave, Pasadena, TX 77503
      View Details
    • $2,900,000
      20,250 SF

      Multi-Purpose Facility on High Traffic

      20,250 SF facility on 2.2 acres, ideal for redevelopment.
      7770 Spencer Hwy, Pasadena, TX 77505
      View Details
    • $1,300,000

      Versatile Property with Multiple Opportunities

      Multi-tenant property with auditorium, apartments, kitchen, store, and pool.
      4309B Young St, Pasadena, TX 77504
      View Details

    FAQs

    What type of property is this?
    Automotive property - 6,481 SF Car Wash, Redevelopment Potential
    Where is this automotive property located?
    The property is located at 1855 Richey St Pasadena, TX.
    What are key features of this property?
    This property features: Pasadena, TX car wash investment opportunity on ±1.5 acres offering immediate cash flow and redevelopment potential for retail, RV park, self-storage, or multifamily uses.; High redevelopment potential in a rapidly growing area with flexible zoning.; Located in a federal Opportunity Zone, providing substantial tax advantages.
    Request Owner's contact information
    1855 Richey St Pasadena, TX 77502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1855 Richey St
    Pasadena, TX 77502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1855 Richey St Pasadena, TX 77502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.