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Heights Central Station

3 Retail Properties Offered at $17,000,000 in Houston, TX

Investment Highlights

  • Acquire an award-winning, mixed-use development at 100% occupancy, positioned in the heart of the coveted Houston Heights District.
  • Located on a bustling corner that sees almost 30,000 vehicles per day, the 4.5:1000 parking ratio leaves ample room to accommodate.
  • Highly walkable with Heights Boulevard jogging trail leading directly to the center, and dozens of nearby shopping, dining, and residential options.
  • Heights Central Station’s eclectic group of tenants includes a dentist, hair salon, boutique shopping, cannabis store, and multiple trendy eateries.
  • Average household income in a two-mile radius tops out at $146,176, contributing to more than $1.4 billion in consumer spending.
  • 1050 Yale Street’s beautifully designed architecture and custom mural perfectly accentuate the artsy and historic neighborhood it is in.

Executive Summary

1050 Yale Street, dubbed Heights Central Station, is positioned on a trophy corner in a vibrant part of town and sits at the forefront of modern retail trends. Emphasizing walkability and cohesiveness with the surrounding architecture, 1050 Yale Street is an ideal destination for the thousands of young professionals in the area. Via a carefully curated tenant roster, the mixed-use development provides a perfect ecosystem of tenants, making it a one-stop-shop to draw consumers and thus maintain high occupancy rates. Visitors can start their day with a coffee and pastry from the Kolache Shoppe, grab lunch at Ike’s, get their hair done at Shine on Heights Salon and top off the evening with a hand-crafted cocktail from Dish Society.

Although development began in 2016, Heights Central Station’s story starts in the 1970s when all that stood there was a simple post office. Developers worked closely with the City of Houston Archaeological and Historical Commission to design a historic-minded neighborhood center that characterizes the Houston Heights District. The finished product populated the corner with the three elegant structures: the West Building spans 9,130 SF, the East Building spans 11,680 SF, and the Kolache Shoppe comprises 1,200 SF with a drive-thru. This conscientious work earned 1050 Yale Street the 2019 Houston Business Journal Landmark Award and made it a staple of the Houston Heights District.

Strategically positioned on a heavily trafficked corner in one of Houston’s most affluent neighborhoods, 1050 Yale Street is only 10 minutes from Downtown Houston. But as in so many cities across the nation, young professionals prefer to stay closer to home rather than deal with the logistics of getting downtown. They embrace a walkable lifestyle. Via the Heights Boulevard jogging trail leading up to the property, visitors are immediately connected to the heart of the vibrant and active Houston Heights District. The center is supported by a plethora of essential amenities, including Anytime Fitness across the street and Kroger, H-E-B, Big Lots, Petco, and Ross can be reached within a 15-minute walk. This area's eclectic culinary and art scene has made the district a trendy hotspot, leading to robust population growth and high consumer spending. With unmatched locational factors, award-winning design, and strong demographics, 1050 Yale Street has cemented itself as a premier Houston destination for years to come.

Property Facts

Price $17,000,000
Price / SF $909.97 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 18,682 SF
Total Land Area 1.69 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Heights Central Station
1051 Heights Blvd, Houston, TX 77008
Retail 10,538 SF 2018 -
Heights Central Station
1050 Yale St, Houston, TX 77008
Retail 6,944 SF 2018 -
Heights Central Station
1031 Heights Blvd, Houston, TX 77008
Retail 1,200 SF 2018 -
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  • Listing ID: 25497285

  • Date on Market: 4/18/2022

  • Last Updated:

  • Address: Heights Central Station, Houston, TX

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