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Restored Historic Mixed-Use Building

2127 Broadway St Galveston, TX 77550

2127 Broadway St, Galveston, TX, 77550

$995,000

For Sale

$995,000

Restored historic building with retail space and residential potential.

Property Size4,848 SF

Price / SF$205.24

AddedApr 12

Days on Market96

Last RefreshJul 15 at 7:19 pm

Property Features for 2127 Broadway St

General Information

Standard status: Active
Size: 4,848 SF
Property subtype: Investment

Building Details

Year Built: 1920

Listing office

Listing date Apr 12, 2026

Source Elliman

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 Brian Kuhn

Investment Insights

Based on property information with market context.

Located at 2127 Broadway, this restored historic building offers a prime opportunity in a high-visibility location. The property features original arched windows and preserved architectural details. The ground floor provides 4,848 square feet of open, flexible space suitable for a showroom, retail business, or creative commercial use, and includes two private offices and a bathroom. The upper level is framed for six one-bedroom units, presenting an opportunity for residential income, condo conversion, or alternative uses. Original wood floors and shiplap walls are in excellent condition. The upper level could be transformed into climate-controlled storage with the addition of a freight elevator. A condo conversion could be attractive, with the potential of 3–4 off-street parking spaces on the ground level. The property has a bike score of 74, indicating it is very bikeable, and a walk score of 80, indicating it is very walkable.

Key Highlights

Prime, high‑visibility location on Broadway.
4,848 sq ft of flexible ground‑floor space suitable for commercial use.
Framed for six one‑bedroom units upstairs, offering residential income potential.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$98.9k	$20.40
− Vacancy	−$5.6k	−$1.16
EGI	$93.3k	$19.24
− OpEx	−$28.0k	−$5.77
NOI	$65.3k	$13.47

4,848 SF · lease $20.40/SF/yr · vacancy 5.70% · expense 30.00%

Alternative Uses

Best Use

Retail

$932.6K

$816.0K – $1.09M (±1% cap)

NOI $65,283 @ 7.0% cap · market cap 6.56%

Second Best

Mixed Use

$685.6K

$599.9K – $799.9K (±1% cap)

NOI $47,995 @ 7.0% cap · market cap 4.82%

Theoretical Best

Multifamily LT 5

$54.35M

$47.56M – $63.41M (±1% cap)

NOI $3,804,728 @ 7.0% cap · market cap 382.38%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

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For sale
Mixed-use properties
TX
Galveston
77550
2127 Broadway St

What type of property is this?

Mixed-use property - Restored historic building with retail space and residential potential.

Where is this mixed-use property located?

The property is located at 2127 Broadway St Galveston, TX.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Prime, high‑visibility location on Broadway.; 4,848 sq ft of flexible ground‑floor space suitable for commercial use.; Framed for six one‑bedroom units upstairs, offering residential income potential.