Former Walgreens Retail Store

For Sale

101 West Southmore Avenue, Pasadena, TX 77502

This Pasadena property for sale is located at 101 West Southmore Avenue. The current listed sale price for Former Walgreens Retail Store is $1,775,800. Former Walgreens Retail Store is situated on a lot that is 1.78 acre in size.

Contacts

broker

Kory Pryor

23 Realty Advisors

Property Details

  • Property Type Retail - Freestanding
  • Property Size 15,120 SF
  • Lot Size 1.78 Acre
  • Additional Rent Contact for pricing
  • Year Built 2000
  • Date Updated Nov 26, 2024
Former Walgreens Store #5766 is conveniently located at the corner of a 3-way signalized intersection of W. Southmore Avenue and Shaver Street, with AADT of 23,277 at Southmore & Main Street W (Source: CoStar). Pasadena is the second (2nd) most populous city in Harris County, just behind Houston and is part of the Houston-The Woodlands-Sugar Land metropolitan area. The subject property benefits from close access to Interstate 610 (approx. 6.1 miles), Interstate 45 (approx. 4.2 miles) and State Hwy. 225/Texas Independence Hwy. (approx. 2.2 miles). Further, the subject property is proximate to William P. Hobby International Airport (approx. 5.7 miles). Dense residential development surrounds the subject property making it ideal for second generation retail/office/speciality use, while the general trade area is benefitting from heavy growth in industrial property development and use. With two (2) full access points to the property, as well as pylon signage with a digital display, along with a dedicated driver thru, the subject property is well suited for retail, office and speciality use (subject to verification of City of Pasadena deed restrictions).Introducing a prime investment opportunity in the renowned Houston-The Woodlands-Sugar Land metropolitan area. This exceptional property features a 15,120 SF (approx.) building constructed in 2000 as well as a street-visible pylon sign with separate digital display. With an estimated 72 surface parking spots, ample parking is in place for a myriad of uses. Moreover, the built in drive thru provides additional flexibility and enhancement to second generation uses. This free-standing building located at the corner of a 3-way signalized intersection offers an ideal canvas for second generation retail/office/speciality uses (subject to verification of City of Pasadena deed restrictions). The property's strategic location and substantial square footage make it an attractive prospect for investors seeking a valuable addition to their portfolio. Don't miss the chance to acquire this promising commercial asset in a thriving market.

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Highlights

  • 15,120 SF free-standing building
  • Low Cost Basis of $117/SF Below Replacement Construction Cost
  • Constructed in 2000
  • Prime Houston area location
  • Located at Corner of 3-Way Signalized Intersection
  • AADT of 23,277 at Southmore & Main Street W (Source: CoStar)
  • Street Side Pylon Sign with Digital Display Panel
  • 72 Surface Parking Spots (Estimated)
  • PRICE + TERMS, ALONG WITH ALL OFFERS, ARE SUBJECT TO APPROVAL OF WALGREEN CO.’S REAL ESTATE COMMITTEE

Getting around

  • 81/100

    Walk Score ®

  • 50/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Pasadena, TX
  • Neighborhood Pasadena Highlands
  • Zip Code 77502
  • Market Houston

Points of Interest

  • Altic/Howard Hughes

    7.41 miles

  • UH South/University Oaks

    7.98 miles

  • Lockwood/Eastwood

    8.00 miles

  • Convention District (westbound)

    9.78 miles

  • Convention District (eastbound)

    9.84 miles

  • The Neighborhood Shop

    1.25 miles

  • Mi Tienda

    1.80 miles

  • Chevron

    2.23 miles

  • Checkpoint

    2.29 miles

  • Shell

    3.34 miles

  • Sunoco

    3.49 miles

  • Exxon

    3.56 miles

  • Phillips 66

    3.79 miles

  • Tesla Supercharger

    4.86 miles

  • eVgo

    6.50 miles

  • Monroe Park and Ride

    3.15 miles

  • Wally Park

    3.62 miles

  • PreFlight Airport Parking

    4.43 miles

  • South Point Park & Ride

    5.32 miles

  • Fuqua Park & Ride

    5.62 miles

  • Armand Walking Trail Parking

    5.65 miles

  • Magnolia Park & Ride

    6.30 miles

  • Maxey Road Park & Ride

    6.51 miles

  • ERP Parking

    7.20 miles

  • University Gateway Garage

    7.78 miles

  • Wingstop

    0.11 miles

  • Popeyes

    0.14 miles

  • Wendy's

    0.16 miles

  • Domino's

    0.23 miles

  • KFC

    0.44 miles

  • McDonald's

    0.51 miles

  • Whataburger

    0.52 miles

  • Church's Chicken

    0.63 miles

  • DQ Grill & Chill

    0.78 miles

  • Jack in the Box

    0.84 miles

  • Walmart Supercenter

    0.24 miles

  • Mission AC, Plumbing & Electric South Houston

    1.03 miles

  • Fix Crap

    1.73 miles

  • Mi Tienda

    1.88 miles

  • Food Town

    2.02 miles

  • Kroger

    2.28 miles

  • ALDI

    3.40 miles

  • La Michoacana Meat Market

    3.54 miles

  • Coast Guard Exchange

    3.88 miles

  • CGX

    3.88 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Kory Pryor

23 Realty Advisors