Mixed Use Opportunity with Value Add Commercial and Residential Uses

Highlights:

• Unrestricted, Level 2 Acres
• Area Residential Lease Rates: +$1800
• Area Commercial Lease Rates: +-$20 - $36 per SF, not including operating expenses
• Purchase 2 Acres or 5 Acres (5 Acres include 2 Townhomes and a 5-Bay Garage Structure and 3 largely undeveloped acres)

Description:

Opportunity for Owner/User needing ample gathering space with surround, a loft with additional storage, lots of natural lighting, living quarters, a commercial kitchen, dining area, and in-ground pool.

Opportunity for investor to Lease to multiple tenants, including but not limited to area businesses, a daycare center, non-profit organizations and residential tenants: a +-5,700 SF auditorium with 3 offices, 2 apartments totaling +-2,500 SF, commercial kitchen with transferrable bakery license, dining room leading to outdoor, fenced in-ground pool, large tent with industrial-grade cover and electricity, convenience store and library.

Grounds and structures have been meticulously maintained by the 1 owner since 1983. The Property is like-new. The amenities are innumerable and are MUST-SEE. Call to schedule a tour. Flexible appointments are available.

Pasadena TX is within 10 miles of Houston's Ship Channel, the largest waterway in the United States, shipping 309 million tons in 2023 (source: Port of Houston).

This property is just 17.7 miles from The Texas Medical Center, considered the largest medical complex in the world, with over 50 medical institutions including major hospitals, medical schools and research facilities that have a global impact.

Of the many area attractions, noteworthy and within 20 miles of the Property are Discovery Green: a 12 Acre Park in the middle of downtown Houston with bandstands, a lake, dog runs and multiple recreational lawns; The Museum District covers 1.5 miles and encompasses 19-21 museums, cultural centers and galleries, just south of downtown Houston; and The Galleria Mall located in the Uptown District of Houston boasts 2.4 million square feet of premium shopping, under a glass roof, with a full-size ice skating rink, the adjacent Westin Galleria hotel, and a wide variety of dining choices.

Documents: