1601 Broadway, Galveston, TX 77550
9,204 SF facility with 14-bedroom configuration and 16-patient licensed capacity, expanded in 2025 for flexible resident programming.
- Added:
- Jun 10, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 5:54 am
Property Features for 1601 Broadway
General Information
- Standard status
- Active
- Size
- 9,204 SF
- Property subtype
- Senior Living
Listing agent Robert Johnson License #TX 731109
Listing office Century 21 Olympian Area Specialists (225) 615-8055
Listing date Jun 10, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Olympian Area Specialists
HighLights
- 9,204 SF Type‑B assisted living facility in Galveston, TX with 14 bedrooms and 16‑patient licensed capacity
- Expanded in 2025 with a 9‑room expansion, increasing configuration from 5 bedrooms to 14 bedrooms/16‑patient capacity
- Horseshoe layout with two symmetric 3,208 SF wings and a renovated 2,788 SF center (former garage conversion) for common, dining, and admin use
- 2025 rent roll private‑pay rates of $3,200 to $6,500/month; 7‑resident weighted average of $4,978 per occupied bed
- Post‑construction rate structure at $5,500/month per single‑occupancy bedroom plus a $4,000 admission fee on new signups
- Offered at $2,999,000 with a 10.7% implied cap rate on stabilized NOI of $320,918
Overview
The property is located at 1601 Broadway in Galveston, Texas. It sits in the Houston–The Woodlands–Sugar Land MSA and is described as being proximate to the University of Texas Medical Branch (UTMB) and the region’s healthcare infrastructure.
This offering is positioned as a value-add acquisition for an experienced Texas Type-B operator, with the HHSC license noted as buyer-applied. The materials reference a route for qualified operators under 26 TAC § 55.3.25 Good Standing fast-track, which is described as enabling licensure in approximately 3–6 months after qualification. The current configuration is designed to support resident grouping strategies across the wings, with the center serving shared functions to support daily operations.
Current Use by Public Records
Similar Places Nearby
- Regent Care Center — 2302 Postoffice St # 402, Galveston, TX 77550
- Autumn Springs Home Care Communities Galveston — 1601 Broadway Avenue J, Galveston, TX 77550
Location Insight
- Map
- Local Demand
- City
- Galveston
- County
- Galveston
- State
- Texas
- Longitude
- -94.7841327
- Latitude
- 29.3017576