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5201-5207 Palmer St 1,000 - 6,075 SF of Retail Space Available in Houston, TX 77004
Highlights
- 6,075 SF office/retail building on 15,750 SF
- Strong fit for retail, hospitality, entertainment, office/service, and neighborhood convenience concepts
- Existing vintage barber chairs create a unique opportunity for a vintage barbershop concept
- On-site parking in a central Houston location
- Potential bar/lounge, cigar lounge, BBQ, coffee, barbershop, beauty/nail, butcher shop, bakery, dessert, bookstore, or market users
- Former corner bar/club space with planned upgrades
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,000-6,075 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
5201-5207 Palmer St - 1st Floor
Space all divisible. Ideal tenant mix: Food & Beverage BBQ restaurant anchor, coffee shop, local bakery, specialty dessert concept, wine bar, craft cocktail lounge, bar/lounge, covered outdoor kitchen concept. Entertainment Comedy venue, live music venue, saxophone/live music concept, bar + entertainment concept. Personal Services Vintage barbershop, beauty salon, nail salon, grooming concept. Specialty Retail Butcher shop, cigar lounge, boutique bookstore, small neighborhood market.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Drinking Establishment
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 5201-5207 Palmer St, Houston, TX 77004
- Tenant
- Description
- US Locations
- Reach
- Be Down Hair Styling Salon
- Services
- 1
- -
- Nobby's Corner
- Public Administration
- 1
- -
- Nobby's Live
- Public Administration
- 1
- -
| Tenant | Description | US Locations | Reach |
| Be Down Hair Styling Salon | Services | 1 | - |
| Nobby's Corner | Public Administration | 1 | - |
| Nobby's Live | Public Administration | 1 | - |
Property Facts
| Total Space Available | 6,075 SF | Frontage | |
| Min. Divisible | 1,000 SF | Gross Leasable Area | 7,409 SF |
| Center Type | Strip Center | Total Land Area | 0.36 AC |
| Parking | 32 Spaces | Year Built | 1955 |
| Center Properties | 1 |
| Total Space Available | 6,075 SF |
| Min. Divisible | 1,000 SF |
| Center Type | Strip Center |
| Parking | 32 Spaces |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 7,409 SF |
| Total Land Area | 0.36 AC |
| Year Built | 1955 |
About the Property
5201 Palmer Street presents a rare opportunity to lease a small-format retail, hospitality, entertainment, and office/service property in Houston’s Riverside Terrace neighborhood. The property includes approximately 6,075 SF of building area (divisible), with on-site parking and a highly visible corner location at the southwest corner of Palmer Street and Southmore Boulevard. The property is positioned near Texas Southern University and the University of Houston, creating a strong opportunity to serve surrounding residents, students, professionals, and neighborhood traffic. The vision for 5201 Palmer is not a typical strip center. The goal is to create a neighborhood destination with food, entertainment, personal services, and specialty retail. Ownership is focused on finding the right tenant mix rather than simply filling space quickly. Ideal concepts may include a BBQ restaurant anchor, coffee shop, bar/lounge, craft cocktail or wine bar, cigar lounge, boutique bakery or dessert concept, butcher shop, neighborhood market, beauty or nail salon, and office/service users. The property also offers a strong opportunity for a barbershop or grooming concept. Vintage barber chairs are already there, creating the potential for an excellent vintage barbershop for the right tenant. A former corner bar/club space is also available, with planned improvements that may include new A/C, electrical, walls, flooring, and restrooms, making it a strong candidate for a bar/lounge, comedy venue, live music concept, or other neighborhood entertainment use. With on-site parking, central Houston access, and a curated tenant strategy, 5201 Palmer is well-positioned for operators who want to be part of a revitalized neighborhood destination in Riverside Terrace.
Nearby Major Retailers
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5201-5207 Palmer St
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