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    1502 39Th St Galveston, TX 77550

    For Sale
    $1,250,000

    Versatile mixed-use property with rental income potential in Galveston.

    Lot size:
    0.18 Acres

    Property Features for 1502 39Th St

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1961

    Source: RE/MAX Leading Edge Agent Anthonie Abshire

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Galveston Keystone Brick Building

    This historic 1924 Keystone brick building, located at 1502 39th St. in Galveston, offers over 13,000 square feet of rentable space. The property features a mix of residential and commercial units, including two vacation condos and four commercial units. Originally a pharmacy, the building currently houses a bakery, a cooking school equipped with a commercial kitchen, a market, a community center, and a private gym. The property is equipped with central HVAC, TWIA-permitted roofing, and updated electrical and plumbing systems. The condos are fully furnished and available for rentals. One condo includes 7 bedrooms and 1.5 baths, while the other offers 2 bedrooms and 1 bath. A 3,000 square foot outdoor area enhances the property, featuring custom woodwork, cabanas, seating for over 24 people, a bar, and dual hot tubs. The first floor provides handicap access. With 100% occupancy in the commercial units, this versatile property is suitable for generating rental income, hosting events, and accommodating a variety of commercial tenants in a prime Galveston location.
    Insight Report Location Intelligence

    Current Use by Public Records

    New Era Hair ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.808438
    Latitude
    29.290325

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile mixed-use property with rental income potential in Galveston.
    Where is this mixed-use property located?
    The property is located at 1502 39Th St Galveston, TX.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Over 13,000 sq ft of rentable space in a prime Galveston location.; - Versatile property with **two fully furnished vacation condos** (7 BR/1.5 BA and 2 BR/1 BA) and four commercial units.; - **Strong income potential** with 100% occupancy in commercial units.
    (409) 795-4289
    Request Owner's contact information
    1502 39Th St Galveston, TX 77550
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    Galveston, TX 77550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1502 39Th St Galveston, TX 77550
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