0 Fairmont Pkwy Pasadena, TX 77571
This exceptional 7.6-acre commercial land parcel presents a remarkable investment opportunity in Pasadena, Texas. Strategically located on Fairmont Parkway, this property boasts a high traffic count of approximately 36,000+ cars per day, ensuring maximum visibility and accessibility for any commercial venture. The land is divided into three tracts, according to Harris County Appraisal District records. Zoned for General Commercial use, this site is ideal for a variety of developments, including retail or office spaces. A significant advantage is its prime corner location with a traffic signal, enhancing visibility and convenient access. The property is conveniently situated near San Jacinto College and the Houston Area Safety Council, providing a strong potential customer base. Its proximity to the Pasadena Convention Center Complex further adds to its appeal. Importantly, the deed restricts the development of convenience stores and gas stations, ensuring the property's suitability for higher-end commercial projects. This exceptional location, combined with its size and zoning, makes this a truly unique opportunity for investors seeking a high-impact commercial development project. The asking price is $3,310,560.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.