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    Sec Sam Houston Tollway Tx-8 & Spencer Hwy Pasadena, TX 77505

    For Sale
    $2,074,050

    High-traffic retail development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

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

    General Information

    Property type
    Land
    Lot Size
    82,764 SF

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1561671
    Latitude
    29.6656455

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    FAQs

    What type of property is this?
    Land - High-traffic retail development opportunity.
    Where is this land located?
    The property is located at Sec Sam Houston Tollway Tx-8 & Spencer Hwy Pasadena, TX.
    What is the asking price?
    The asking price for this property is $2,074,050.
    What are key features of this property?
    This property features: High-visibility corner lot at Beltway 8 & Spencer Highway.; 1.9-acre site (approx. 82,962 SF).; Adjacent to established Saltgrass Steakhouse.
    (713) 830-2157
    Request Owner's contact information
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    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
    Sec Sam Houston Tollway Tx-8 & Spencer Hwy Pasadena, TX 77505
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