2015 The StrandGalveston, TX 77550

For Sale
Call for price

Galveston Strand mixed-use investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This unique Galveston investment opportunity encompasses three historic buildings totaling 11,100 square feet on The Strand. Built between 1857 and 1894, these interconnected structures boast 8 units across three stories and have survived numerous hurricanes. Currently configured as a mixed-use property including hotel, retail, and office space, there are vacant and underutilized areas presenting significant value-add potential for a savvy investor. The property features a large balcony, patios, and separately metered utilities for each building. Existing leases are in place for major annual events through 2026, and the seller will assist with the transition. Fixtures, furniture, and equipment will convey. The property's rich history, prime location, and flexible layout offer a rare chance to capitalize on Galveston's thriving tourism and hospitality sectors. Showings are by appointment only; please do not disturb tenants. The property includes a large private office, four separate suites, a common area, laundry facilities, and kitchen. The third floor contains two expansive lofts, each with two baths and a kitchen, ideal for high-end rentals or owner occupancy. One loft offers stunning Strand views. This is a 1031 exchange eligible property.

Highlights

  • Historic Galveston mixed-use property, totaling 11,100 rentable square feet across three buildings.
  • Eight units, including retail, office, and hotel spaces.
  • Value-add investment opportunity with existing leases and potential for increased revenue.
  • 1031 exchange eligible.
  • Located at 2015 The Strand, Galveston, TX 77550.

Property Details for 2015 The Strand

Property type
Other retail properties, Individual retail properties
Square Feet
11,100 SF
Year Built/Renovated
1857/2020
Buildings
1
Stories
3
Units
8

Location Insight

City
Galveston
County
Galveston
State
Texas
Latitude
29.307851091868
Longitude
-94.791751863267
2015 The Strand, Galveston, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2015 The Strand
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message