4124 Broadway St | Galveston, TX 77550
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4124 Broadway St
Galveston, TX 77550
Retail Property For Sale
Investment Highlights
- High traffic
- Open concept
- Corner lot
- High visibility
- 5 lots - room to expand
- 15,000-30,000 daily traffic count
Executive Summary
LOCATION. LOCATION. LOCATION. Approximately, 12,000sf mixed-use building currently being used as living quarters and an active church. This property is situated on 5 lots (including a corner lot) which includes 215’ of Broadway frontage. This could be perfect for condo/apartment development; strip center; restaurant; event space; storage units; gym; daycare/school; artist studios; and warehouse - there are many possibilities to consider. This mixed-use property has been utilized previously as a church, boarding rooms, a sanctuary, a fellowship hall, commercial offices, and a music studio, all since 2016. With five lots, encompassing 25,800sf, parking is plentiful and offers plenty of room for expansion. Recent renovations include A/C and new roof covering. The building has been well-maintained and is move-in ready. The Broadway thoroughfare has an estimated 15,000-30,000 daily traffic count. This highly visible location ensures maximum visibility for your business/development project.
Total land of .5925 acres. Seller would be interested in leasing two-story portion of the building for $10,000/month. Shaft available for elevator installation. Back warehouse is being leased on a month-to-month basis for $1,000. Up to four bedrooms in living quarters. 2 public bathrooms. Large kitchen on the first floor. Multiple offices. Side-by-side washer/ dryer. Storm shutters on the entry door.
Total land of .5925 acres. Seller would be interested in leasing two-story portion of the building for $10,000/month. Shaft available for elevator installation. Back warehouse is being leased on a month-to-month basis for $1,000. Up to four bedrooms in living quarters. 2 public bathrooms. Large kitchen on the first floor. Multiple offices. Side-by-side washer/ dryer. Storm shutters on the entry door.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
12,202 SF
Building Class
B
Year Built/Renovated
1957/1975
Price
$2,133,195 CAD
Price Per SF
$175 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.59 AC
Zoning
Commercial
Parking
19 Spaces (1.56 Spaces per 1,000 SF Leased)
Frontage
215 ft on Broadway St
Amenities
- 24 Hour Access
- Atrium
- Conferencing Facility
- Corner Lot
- Signage
- Automatic Blinds
- Storage Space
- Recessed Lighting
- Air Conditioning
PROPERTY TAXES
Parcel Number | 3505-0221-0013-000 | Improvements Assessment | $2,072,754 CAD |
Land Assessment | $458,637 CAD | Total Assessment | $2,531,391 CAD |
PROPERTY TAXES
Parcel Number
3505-0221-0013-000
Land Assessment
$458,637 CAD
Improvements Assessment
$2,072,754 CAD
Total Assessment
$2,531,391 CAD
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