514 Henderson St
Prime Memorial Corridor Presence with High Visibility and Scalable Redevelopment Potential
Marketing description
Listed just north of $1M, this is a rare opportunity to secure a highly visible footprint along one of the most active corridors in the market. With 3,453 SF of frontage along Henderson Street, the site offers exceptional exposure, access, and positioning for both near term income and long term upside.
The existing 1,656 SF structure features two garage bays and dual storefront entrances, creating a natural path to convert into two boutique retail suites. With projected rents reaching up to $35 per SF, investors have a clear value add play through lease up and repositioning, while owner users can immediately capitalize on frontage and visibility.
For those thinking bigger, the true upside lies in the assemblage. This tract is part of a larger ±30,500 SF offering stretching from the hard corner of N Memorial Way and Henderson through to State Street. Whether you pursue a phased redevelopment, a full site reconfiguration, or a signature corner retail project, the scale and frontage provide flexibility that is increasingly difficult to find in this submarket.
Corner influence. Strong traffic drivers. Multiple exit strategies.
This is the type of site that allows investors to create, not just acquire.
Investment highlights
Investment Highlights
• Prime Memorial Corridor Location
Positioned in one of Houston’s most sought after corridors with immediate proximity to Memorial Drive, Downtown, and major traffic arteries. Surrounded by strong demographics and consistent daytime and evening traffic.
• Exceptional Frontage and Visibility
±3,453 SF of frontage along Henderson Street provides strong exposure, multiple access points, and excellent signage opportunities for retail users.
• Flexible Value Add Opportunity
Existing 1,656 SF structure with two storefront entrances allows for immediate conversion into dual retail suites. Projected rents up to $35 per SF provide a clear path to increased NOI.
• Multiple Exit Strategies
Ideal for investors, developers, or owner users. Options include lease up and hold, partial redevelopment, or full ground up repositioning.
• Assemblage Scale Upside
Part of a larger ±30,500 SF offering extending to State Street, creating a rare opportunity to control a meaningful footprint in a high barrier to entry submarket.
• Strong Retail Fundamentals
Dense surrounding population, high household incomes, and proximity to major employment centers support long term retail demand and rent growth.
• Hard Corner Influence Nearby
Located just off the hard corner of N Memorial Way and Henderson, benefiting from traffic flow and visibility typically reserved for corner sites.
• Limited Supply, High Demand Submarket
Infill Memorial locations with this level of frontage and redevelopment flexibility are increasingly scarce, supporting long term appreciation potential.
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