2021 The StrandGalveston, TX 77550

For Sale
Call for price

Historic Galveston event venue, restaurant, retail.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Galveston property, a meticulously renovated two-story building constructed in 1894, offers a unique blend of hospitality and retail opportunities. Spanning 17,824 square feet, the property features a stunning 9,000-square-foot ballroom, perfect for weddings and large events. A 1,500-square-foot balcony on the second floor provides breathtaking views, complementing the ballroom's expansive space. The ground floor houses a restaurant, and several additional vacant retail/restaurant spaces are available for lease, presenting significant income potential. The building includes an elevator for convenient access to all levels. This mixed-use property is currently operating as an event center and restaurant, with existing leases in place for major annual events in 2025 and 2026. The seller is willing to assist the buyer in navigating these events. The property's rich history, combined with its modern amenities and prime location at 2021 The Strand in Galveston, Texas (zip code 77550), makes it an exceptional investment opportunity. The sale includes existing furniture, fixtures, and equipment (FFE). This is a 1031 exchange eligible property, consisting of one building with six units, and is offered as a net lease investment. Showings are by appointment only

Highlights

  • Meticulously renovated 1894, two-story building; 17,824 SF; includes a 9,000 SF ballroom, 1,500 SF balcony, restaurant, and additional retail/restaurant space; elevator; existing leases for major events in 2025 & 2026; seller assistance with event transition; FFE included; 1031 exchange eligible; located at 2021 The Strand, Galveston, TX 77550.
  • Three historic mixed-use buildings (built 1857, 1866, & 1894) totaling 45,995 SF; largest balcony in Galveston; existing retail & restaurant tenants; vacant/underutilized spaces; interior access between buildings; separately metered utilities; leases in place for Mardi Gras & Lone Star Rally (2025 & 2026); seller assistance with event transition; FFE included; shown by appointment only.

Property Details for 2021 The Strand

Property type
Other retail properties, Individual retail properties
Square Feet
17,824 SF
Year Built/Renovated
1894/2020
Buildings
1
Stories
2
Units
6

Location Insight

City
Galveston
County
Galveston
State
Texas
Latitude
29.307877604765
Longitude
-94.791653382743
2021 The Strand, Galveston, Texas

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2021 The Strand
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