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Historic Galveston Liquor Store For Sale

4302 Broadway St Galveston, TX 77550

4302 Broadway St, Galveston, TX, 77550
$749,500
For Sale
Claim this Listing
$749,500

Historic liquor store on Broadway St, Galveston, TX for sale.

Property Size3,840 SF
Lot Size0.18 Acres
Price / SF$195.18
AddedMay 25
Days on Market53
Last RefreshJul 15 at 12:01 pm

Property Features for 4302 Broadway St

General Information

Standard status
Active
Size
3,840 SF
Lot size
0.18 Acres

Listing office Joe Tramonte Realty

Listing date May 25, 2026

Source Exprealty

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 Joe Tramonte Realty


Investment Insights

Based on property information with market context.

The historic Farbs Liquor Store, encompassing approximately 3840 square feet, is situated on a plot of land measuring approximately 7800 square feet. A new roof was installed on the liquor store building in 2024.

Key Highlights

  • Historic Farbs Liquor Store building.
  • New Roof in 2024.
  • Building Size: Approximately 3840 SF.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $78.8k $20.52
− Vacancy −$4.5k −$1.17
EGI $74.3k $19.35
− OpEx −$18.6k −$4.84
NOI $55.7k $14.51
3,840 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$796.1K
$696.6K – $928.8K (±1% cap)
NOI $55,729 @ 7.0% cap · market cap 7.44%
Second Best
Retail
$738.7K
$646.4K – $861.8K (±1% cap)
NOI $51,710 @ 7.0% cap · market cap 6.90%
Theoretical Best
Multifamily LT 5
$43.05M
$37.67M – $50.23M (±1% cap)
NOI $3,013,646 @ 7.0% cap · market cap 402.09%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Pharmacy Big Box & Wholesale Store Real Estate Agency Dental Office Skin Care Clinic Accounting Firm Law Firm Building Supply (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

Similar Off Market Nearby

  • Target Grocery — 6128 Broadway St, Galveston, TX 77551
  • Shop-N-Drive — 5327 Broadway Avenue J, Galveston, TX 77551

FAQs

What type of property is this?
Grocery and convenience store - Historic liquor store on Broadway St, Galveston, TX for sale.
Where is this grocery and convenience store located?
The property is located at 4302 Broadway St Galveston, TX.
What is the asking price?
The asking price for this property is $749,500.
What are key features of this property?
This property features: Historic Farbs Liquor Store building.; New Roof in 2024.; Building Size: Approximately 3840 SF.
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