Historic Mixed-Use
For Sale
Contact for pricing
2201 Market St, Galveston, TX 77550
Redeveloped in 2020 with multifamily residences and retail suites.
Property Size68,250 SF
Days on Market152
Property Features for 2201 Market St
General Information
Standard status
Active
Size
68,250 SF
Property subtype
Multifamily
Occupancy
95%
Additional Details
Multifamily Units
61
Amenities
35% city tax reduction and frozen valuation enhance investor yield
3.83% assumable agency loan provides below-market financing leverage
Mixed-use income from luxury apartments and retail tenants stabilizes cash flow
Building Details
Building Size
68,250 SF
Year Built
1925
Year Renovated
2020
Buildings
1
Stories
12
Units
63
Tenancy
Multi
Listing Agency:
Dallas Office
(972) 755-5194
Listed By:
John T. McGregor · License #TX: 646474
(972) 755-5194
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 1:24PM
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 Dallas Office
Investment Insights
Based on property information with market context.
This 12-story historic property was originally completed in 1925 as the United States National Bank and underwent a full redevelopment in 2020. The current mixed-use configuration includes 61 multifamily units and two retail spaces, providing both residential and commercial components within the same building. One retail space is occupied by Frost Bank under a long-term tenancy.
The building is located at 2201 Market St in downtown Galveston, near the Port of Galveston, UTMB Health, and major island attractions. Transferable tax abatements include a 35% city tax reduction and a frozen valuation through 2032. The property combines preserved historic character with a recently redeveloped interior and an established mix of residential and retail occupancy.
The building is located at 2201 Market St in downtown Galveston, near the Port of Galveston, UTMB Health, and major island attractions. Transferable tax abatements include a 35% city tax reduction and a frozen valuation through 2032. The property combines preserved historic character with a recently redeveloped interior and an established mix of residential and retail occupancy.
Key Highlights
- 12‑story historic building originally completed in 1925
- Full redevelopment completed in 2020
- 61 multifamily units within the mixed‑use property
Property Analytics
Property Profile
Current Use
Lease Details
61
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,060
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Redeveloped in 2020 with multifamily residences and retail suites.
Where is this mixed-use property located?
The property is located at 2201 Market St Galveston, TX.
What are key features of this property?
This property features: 12‑story historic building originally completed in 1925; Full redevelopment completed in 2020; 61 multifamily units within the mixed‑use property
