Richey St

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Richey St

Pasadena, TX 77506
Asking Price
$130K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The parcel features 0.514 acres of commercial land.
  • Property is located on Richey St in Pasadena, Texas.
  • Asking price for the commercial land is $130,000.
  • Site offers potential for diverse commercial development projects.
  • Positioned within an established commercial hub in the Houston area.

What's Special

This commercial land parcel spans 0.514 acres and is situated on Richey St in Pasadena, Texas. The site provides a strategic footprint for developers or businesses looking to establish a presence within the Greater Houston metropolitan area. Pasadena maintains a strong industrial and logistics identity, supported by its proximity to the Houston Ship Channel and major regional thoroughfares that facilitate efficient distribution and access for local operations. The property serves as a versatile acquisition for various commercial development initiatives. Investors and business owners can evaluate this site for potential retail, office, or service-based facility expansion. Its placement within the 77506 zip code positions it near established commercial corridors, offering functional connectivity to the broader Gulf Coast economic region. The land presents a clear opportunity for those seeking to capitalize on the sustained growth and ongoing infrastructure investment characteristic of the Pasadena market landscape.

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NOI
$80,000
Cap Rate
61.54%
DSCR
10.37
Strong
Cash-on-Cash
185.34%
Monthly Payment
$643.169
Annual Cash Flow
$72,281.971

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