6500 Spencer Hwy Pasadena, TX 77505-1711
The Spencer Strip Center offers a fantastic retail investment opportunity in a high-traffic location. This single-story, 21,600 square foot building, constructed in 2011, sits on a 1.5-acre lot and features two suites, with 5,700 square feet currently vacant. The minimum divisible space is 1,200 square feet, while the maximum contiguous space available is 3,500 square feet. The property boasts ample parking, with a ratio of 5 spaces per 1000 square feet. Its strategic location benefits from its proximity to a popular La Michoacana meat market and an apartment complex across the street, ensuring high visibility and foot traffic. The center is zoned commercial and features a large pylon sign for excellent branding opportunities. The low triple net (NNN) expenses make this a particularly attractive investment. This property is ideal for a variety of retail uses, including, but not limited to, dental clinics, offices, and hair salons, as indicated by its previous tenants. The existing infrastructure and convenient location provide a strong foundation for immediate occupancy and potential for significant return on investment. Don't miss this chance to secure a prime retail space in a thriving commercial area.
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La Michoacana Meat Market Take-out & Catering Butcher
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Barri Booth Bank Credit Union
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Clinica Hispana Buena Vida Medical Clinic
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Farmacia Central Rx Pharmacy
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Vigo Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.