N. Henderson Development

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Investment Overview

Marcus & Millichap is pleased to exclusively present for sale N Henderson Development, a 29,000 square-foot development opportunity located in the heart of North Henderson Avenue in Dallas, Texas. This rare development opportunity is the last undeveloped land site available on North Henderson Avenue! The subject property features direct access to multiple popular submarkets including Knox District, Highland Park, and Lower Greenville, as well as close proximity to Southern Methodist University. The total site is comprised of four contiguous lots of 7,250 square feet each, and is zoned PD 462, which allows for multifamily development by-right. Under the current zoning, PD 462 (Subdistrict 2), this allows for up to 30 units per acre, with a potential rezone opportunity for retail uses.

North Henderson Avenue is situated as the main artery directly connecting North Central Expressway (U.S. 75) and Ross Avenue, with multiple ancillary streets which have been the subject of several new class-A residential developments. North Henderson is currently lined with several popular retailers, bars, and restaurants to service the immediate area including Sprouts Farmers Market, Tecovas, Warby Parker, Pie Tap Pizza, Core Power Yoga, and many more. This massive experiential retail expansion has been recently fueled by a major acquisition from New York-based Arcadia Realty Trust (NYSE: AKR), which plans even further growth and development for the immediate area. The subject property is primely situated amongst this bustling neighborhood as the last available land site to contribute to the growth of this neighborhood. (hendersonave.com)

Directly accessible from North Henderson Avenue is the highly coveted Knox District, which is situated less than one-half mile from the subject property. Knox District immediately connects to Highland Park, and features over 70 shops and restaurants, it offers a curated blend of contemporary retail brands, local gems, and nationally recognized establishments. Just steps away from the scenic Katy Trail, Knox District invites visitors to explore its tree-lined streets adorned with preserved historic facades and innovative architecture. Distinct dining experiences are at the core of its vivacious culture, featuring revered restaurants and cocktail bars. Whether you’re seeking interior design inspiration, indulging in culinary delights, or simply enjoying the warm ambiance, Knox District is where live, work, and play seamlessly converge. (knoxstreetdallas.com)

Overall, N Henderson Development offers a chance for a new developer to stake their claim as a vital piece of one of Dallas's most dynamic neighborhoods. Surrounded by multiple retail and grocery options, along with 200 feet of frontage on North Henderson Avenue, this 29,000-square-foot development site provides a rare trophy development opportunity on the last site available on Henderson. The subject property features direct access to major thoroughfares with direct access to the prime submarkets of Dallas, including Knox District, Highland Park, and Lower Greenville, with an average household income exceeding $136,000 within a three-mile radius.