Listing Agency: CENTURY 21 TEVAS

Listed By: JOSE TORRES · License #0694210 Show Phone

Source: Corcoran

Added: Apr 29, 2025 Changed: Mar 16 Last Checked: Oct 19 at 12:30PM

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Investment Insights

Based on property information with market context.

This spacious lot, exceeding 5,000 square feet, is situated in Galveston’s Midtown district. The property is surrounded by new developments and revitalization projects. Engineering plans for an 8-unit apartment complex are included, making it suitable for investors, developers, or future homeowners. This lot offers possibilities for a multi-family project. It is positioned in a community experiencing a dynamic resurgence.

Key Highlights

• Approved engineering plans for an 8‑unit apartment complex included.
• Located in Galveston's thriving Midtown district.
• Spacious 5,000+ sqft lot.

Property Analytics

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Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pharmacy Carpet & Flooring Store Locksmith Big Box & Wholesale Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,124

Businesses Nearby

Explore this area Business Placement

Demographics for 77550, TX

24,247

Population

15,811

Households

1.5

Avg Household Size

41

Median Age

33%

College-Educated

87%

High-School Grad

7.6 sq mi

ZIP Area

3,190

Density / Sq Mi

$46,262

Median Household Income

$35,800

Median Earnings

$1,182

Median Rent

$283,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Spacious lot with plans for an 8-unit apartment complex.

Where is this residential land & home lot located?

The property is located at 3013 Avenue M 1/2 Galveston, TX.

What is the asking price?

The asking price for this property is $88,000.

What are key features of this property?

This property features: Approved engineering plans for an 8‑unit apartment complex included.; Located in Galveston's thriving Midtown district.; Spacious 5,000+ sqft lot.