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Kroger-Anchored Retail Development Site 6507 Spencer Hwy 4.89 Acres of Commercial Land Online Auction Sale Pasadena, TX 77505
Investment Highlights
- 6507 Spencer Highway offers a 4.89-acre development opportunity in a proven retail corridor suited for retail, service, or mixed-use uses.
- Benefit from steady consumer activity next to Kroger and LA Fitness, with Harbor Freight, Dollar Tree, Big Lots, and KFC nearby.
- Capture exposure to nearly 30,000 vehicles per day with frontage on Spencer Highway, fostering smooth access with Beltway 8 just 1 mile away.
- Supported by nearly 102,000 residents within 3 miles, with soaring average household incomes of $101,000 and $1.1 billion in spending.
Executive Summary
6507 Spencer Highway presents a 4.89-acre commercial development opportunity in the heart of one of Pasadena’s most active retail corridors. Positioned along Spencer Highway with visibility to 29,979 vehicles per day and convenient access to Beltway 8 just 1 mile away, the site offers the scale, exposure, and accessibility sought by retail, service, and mixed-use developers seeking a presence in an established trade area.
The property benefits from immediate adjacency to Kroger and LA Fitness, generating consistent heavy cross-shopping traffic and daily consumer activity. Additional national retailers and restaurants, including Harbor Freight, Dollar Tree, Big Lots, and KFC, further reinforce the area's retail concentration and create a built-in customer base for future development.
6507 Spencer Highway is embedded in a bustling economy fueled by 101,948 residents with average household incomes of $101,042, and annual consumer spending over $1.1 billion within a 3-mile radius. Combined with the site's prominent frontage and established commercial surroundings, 6507 Spencer Highway offers developers the opportunity to capitalize on strong local purchasing power and sustained retail demand in a proven Pasadena location.
The property benefits from immediate adjacency to Kroger and LA Fitness, generating consistent heavy cross-shopping traffic and daily consumer activity. Additional national retailers and restaurants, including Harbor Freight, Dollar Tree, Big Lots, and KFC, further reinforce the area's retail concentration and create a built-in customer base for future development.
6507 Spencer Highway is embedded in a bustling economy fueled by 101,948 residents with average household incomes of $101,042, and annual consumer spending over $1.1 billion within a 3-mile radius. Combined with the site's prominent frontage and established commercial surroundings, 6507 Spencer Highway offers developers the opportunity to capitalize on strong local purchasing power and sustained retail demand in a proven Pasadena location.
Data Room Click Here to Access
- Purchase Agreement
- Environmental and Geotechnical Reports
- Survey
Property Facts
| Property Type | Land | Total Lot Size | 4.89 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | None | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 4.89 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | None |
1 Lot Available
Lot
| Lot Size | 4.89 AC | Parcel Number | 0211570010002 |
| Lot Size | 4.89 AC |
| Parcel Number | 0211570010002 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Sale Advisor
Sale Advisor
JJ McDermott, Partner
JJ began his career with SDI Realty and later spent 5 years with NewQuest Properties. JJ is active throughout Texas and the Gulf Coast, having transacted in nearly every major market in the region. In his spare time, JJ enjoys spending time with his wife, Hallie, and daughters, Mimi and Liza.
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Auction Contact
Pace Zambito
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Kroger-Anchored Retail Development Site | 6507 Spencer Hwy
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Kroger-Anchored Retail Development Site | 6507 Spencer Hwy
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