Mixed Use Opportunity with Value Add Commercial and Residential Uses

Highlights:

• Approximately 1/3 of the 5 Acre Lot is Undeveloped
• Area Residential Lease Rates: +$1800, depending on Number of Rooms
• Area Commercial Lease Rates: +-$20 - $36 per SF, not including operating expenses

Description:

Grounds and structures have been meticulously maintained by the 1 owner since 1988. The Property is like-new. The Amenities are innumerable and are a MUST-SEE.

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.

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