Published on: Monday, September 30, 2024
Updated on: Monday, September 30, 2024
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About the Lister
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Name: Rick Gutierrez
Company: XAG Properties
Office Phone: 1 346-843-1281
Cell Phone: 1 832-435-4033
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  Redevelopment Opportunity in Pasadena
1855 Richey St Pasadena Texas , 77502
1855 Richey St Pasadena Texas                                                                                               , 77502  XAG Properties
Listing ID: CL-Texas-12975
Quick Glance
Listing ID: CL-Texas-12975
Status: Price not Disclosed
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2002
Building Size: 6,481.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Retail | Two Building Center with up to 9,000 Sq. Ft. and up to 8,400 Sq. Ft. Available
Complete Details
Year Build: 2002
Building Size: 6,481
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
The newly established Minonite Retail Center Phase II can be found at 1622 Minonite Road.? This development comprises two 12,000-square-foot buildings.? Right next to it, you'll find Minonite Retail Center Phase I, which is bustling with successful businesses like Anytime Fitness, Domino’s Pizza, Trinity Dental, J&A Donuts, Macky’s Kitchen Asian Express, Global Nail & Spa, Maple Leaf Liquor, and Dak Cleaners.? The available spaces in Phase II are perfect for complementary businesses such as juice bars, coffee shops, yoga studios, hair salons, and medical practices.? Additionally, the presence of three drive-thru spaces and patio options makes this center an excellent choice for fast-food restaurants.? Businesses can take advantage of tenant improvement allowances and signage options to customize their spaces and connect with the affluent consumer base in this prime location.? Rosenberg's connectivity to the Houston Metro has significantly improved thanks to the Grand Parkway extension.? This has led to a 10.7% annual population growth within a 2-mile radius of the center since 2010.? This growth trend is set to continue with DR Horton's 600-home development across the street and KB Homes' 218 residences nearby.? The local communities boast an impressive average household income of $125,819, contributing to a substantial $95.3 million in consumer spending within a one-mile radius.? Notably, there are no competing centers within this one-mile radius, making Minonite Retail Center Phase II exceptionally well-positioned to tap into this wealth density.? The center is conveniently situated near two elementary schools, a community center, and a high school, making it an attractive destination for families.? Join the exclusive storefront spaces at Minonite Retail Center Phase II and become a part of this thriving and growing town.?
Lease Terms
1 Year
Additional Properties
Property Highlights
  • Immediate Cash Flow: Start generating income immediately by operating the existing car wash. Equipped with reliable infrastructure and operational equipment, this property is ready to deliver consistent cash flow.
  • High Redevelopment Potential: A valuable land investment in a fast-growing area, with zoning flexibility for a variety of future developments. Ideal for retail, RV parks, self-storage, or multifamily projects, allowing investors to capitalize on strong lo
  • Opportunity Zone Benefits: Located in a federally designated Opportunity Zone, providing substantial tax incentives for investors looking to defer or reduce capital gains.
  • Flexible Financing Options: The owner is open to financing, offering terms that make this opportunity accessible and customizable to fit investor needs.
Features
  • Year Renovated: 2022
  • APN: 0060010010001
Listing Location
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32727 School Hl Rd , Fulshear Texas                                                                                                77441
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6677 Rookin St , Houston Texas                                                                                                77074
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4899 Hwy 6 , Missouri City Texas                                                                                                77459
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2709 Katy Flewellen Rd, , Katy Texas                                                                                                77494
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8727 Grand Mission Blvd , Richmond Texas                                                                                                77407