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Galveston Midtown Development Opportunity

3013 Avenue M 1/2, Galveston, TX 77550

For Sale
$88,000

Spacious lot with plans for an 8-unit apartment complex.

Property SizeContact for details
Days on Market563

Property Features for 3013 Avenue M 1/2

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $1,333
Listing Agency: CENTURY 21 TEVAS
Listed By: JOSE TORRES · License TX #0694210
Source: Corcoran
Added: Apr 29, 2025 Changed: Mar 16 Last Checked: Nov 12 at 9:07AM

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 TEVAS

Rey
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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

Who owns this building? See the owner, sales and loan history
Open Analytics

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

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.
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