Memorial Park/ Washing Ave Corridor 5913 Washington Ave
WASHINGTON AVE Office/ Retail | Approx. 10,000 SqFt
Marketing description
Located in the heart of Houston’s highly sought after Washington Ave Corridor and just moments from Memorial Park, this iconic mixed use property offers a rare opportunity to own a true landmark asset within one of the city’s most dynamic live, work, and play districts. Positioned on the hard corner of Washington Ave and Cohn Street, the property benefits from exceptional visibility, strong daily traffic counts, and immediate access to Houston’s premier dining, nightlife, luxury multifamily, and retail developments that continue to reshape the surrounding 77007 submarket.
This award winning building, formerly a historic theater and music venue, has been thoughtfully transformed into highly functional retail and creative office space while preserving the architectural character and energy that made it a Houston staple. Home to one of Houston’s “Top 10 Murals,” the property delivers unmatched street presence, branding potential, and instant recognition along one of Houston’s most heavily traveled urban corridors.
The surrounding Washington Ave and Memorial Park area has become one of Houston’s most desirable urban neighborhoods, driven by continued high end residential growth, walkability, and affluent demographics with a median household income of approximately $140,878. The location offers immediate connectivity to Downtown Houston, The Heights, River Oaks, Allen Parkway, and I-10, placing the property at the center of Houston’s urban expansion and redevelopment activity.
Inside, a dramatic entrance off Washington Ave opens into an expansive theater style main room with soaring character and flexible functionality, ideal for experiential retail, creative office, showroom, entertainment, hospitality, or event driven concepts. Dual staircases lead to the second level, which features built out offices, flexible workspaces, and additional storage areas that support a variety of owner user or investment strategies.
The property also includes a secure private parking garage with 2 automatic roll up doors, allowing controlled rear access and valuable on site parking functionality rarely found in urban core assets within the corridor.
Whether envisioned as a flagship headquarters, creative office campus, destination retail concept, entertainment venue, or adaptive reuse redevelopment, this is an exceptionally rare chance to acquire a high profile, culturally significant asset in the center of the Washington Ave Corridor and Memorial Park growth corridor.
Investment highlights
Located within Houston’s rapidly appreciating Washington Ave Corridor and moments from Memorial Park, this high profile mixed use asset presents a compelling investment opportunity in one of the city’s strongest urban growth corridors. Positioned on the hard corner of Washington Ave and Cohn Street, the property benefits from exceptional visibility, significant daily traffic exposure, and direct access to one of Houston’s most active live, work, and play environments.
Surrounded by continued luxury multifamily development, high end retail, hospitality, and dense residential growth, the property is strategically located within the highly desirable 77007 submarket, where strong demographics and ongoing redevelopment continue to drive tenant demand and long term appreciation. The surrounding area boasts an affluent consumer base with a median household income of approximately $140,878 and offers immediate connectivity to Downtown Houston, Memorial Park, River Oaks, The Heights, Allen Parkway, and I-10.
Originally a historic theater and entertainment venue, the property has been adaptively repositioned into functional retail and creative office space while maintaining the architectural identity and character that make the asset uniquely recognizable within the corridor. Featuring one of Houston’s “Top 10 Murals,” the property offers exceptional branding visibility and destination appeal that differentiates it from traditional urban commercial assets.
The existing improvements provide a flexible framework for a variety of investment strategies including creative office, experiential retail, entertainment, hospitality, showroom, mixed use redevelopment, or repositioning opportunities. The dramatic main theater space features expansive open areas with significant character and volume, while the second level includes built out offices, flexible workspaces, and support areas that allow for immediate occupancy or phased redevelopment planning.
Additionally, the asset includes secured on site parking with a private garage and 2 automatic roll up doors, an increasingly rare amenity within Houston’s urban core and a meaningful advantage for future tenants, operators, or redevelopment concepts.
With irreplaceable hard corner positioning, strong underlying land fundamentals, cultural recognition, and flexible adaptive reuse potential, this property represents a rare opportunity to acquire a landmark asset within one of Houston’s most supply constrained and rapidly evolving investment corridors.
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