1022 Pasadena Blvd Pasadena, TX 77506
- Medical offices
- 5,301 SF
- 0.63 lot acres
Current Use by Public Records
- Kumar Kusum K DDS / Dentist
- Wells Von S DPM / Podiatrist
- Houston DNA LAB Center / Local Medical Services / Notaries Association
- Family Dental Clinic / Dentist
- Superior Cleaning Solutions / Vacuum Cleaning System Supplier
Property Details for 1022 Pasadena Blvd
- Year built
- 1960
- Construction
- BRICK
- Lot size
- 0.63 lot acres
- Property size
- 5,301 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 650330000052
- APU
- 650330000052
Description
This exceptional Pasadena, TX commercial property presents a prime investment opportunity. Located at 1022 Pasadena Blvd, 77506, this single-story, 8,041 square foot building sits on a 27,573 square foot lot and offers 42 parking spaces. The property, built in 1960 and renovated in 2019, is classified as a Class B, multi-tenant office building with a mix of medical, shopping center, and traditional office spaces. Currently boasting 90% occupancy across its eight tenants, this stabilized investment features a 6.94% cap rate and an asking price of $845,000. Recent improvements include a new roof (2017), new soffits, exterior paint, modern exterior lighting, and updated electrical wiring. The property benefits from a great location, eye-catching signage, and an oversized billboard for maximum tenant visibility. The lease type is NNN. This low-maintenance property is ideal for investors seeking consistent income generation. The property is for sale by owner.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Harris
- State
- Texas
- Longitude
- -95.2016
- Latitude
- 29.695
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
