Prime Galveston Investment - Mixed-Use Property on Broadway Exceptional income-producing opportunity in the heart of Galveston! This beautifully renovated 2023 property features 7 residential units and a longstanding, successful gym-offering both immediate cash flow and long-term appreciation potential. The building combines historic charm with modern upgrades, boasting refinished hardwood floors, exposed ceilings, and high-quality finishes throughout. Its high-visibility Broadway location places it just minutes from the Seawall, UTMB, downtown Galveston, and the island's premier dining, retail, and entertainment destinations. Highlights: Proven income stream, Recent full renovation (2023) minimizing near-term capital needs Excellent location with strong rental demand Turnkey asset ideal for seasoned investors.
| MLS # | 31905635 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1963 |
| Days On Site | 12 |
| Listing Provided By | homecoin.com | Jonathan Minerick |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 4,915 |
| Story(s) | 3 |
| Units | 2 |
| Acreage | 0.24 |
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77550 |
| Area | 33 |
| Subarea | East End |
| Community Name | S3505 |
| School District | 22 - Galveston |
| Elementary School | Gisd Open Enroll |
| High School | 22 - Galveston |
| Listing VS Median (in S3505) | |
Price: $1,249,000 low | high Med: $949,000 sqft: 4,915 low | high Med: 3,780 $ / sqft: $254 low | high Med: $251 On site: 12 low | high Med: 12 | |
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77550 |
| Area | 33 |
| Subarea | East End |
| Community Name | S3505 |
| School District | 22 - Galveston |
| Elementary School | Gisd Open Enroll |
| High School | 22 - Galveston |
| Listing VS Median (in S3505) | |
Price: $1,249,000 low | high Med: $949,000 sqft: 4,915 low | high Med: 3,780 $ / sqft: $254 low | high Med: $251 On site: 12 low | high Med: 12 | |