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    3615 Ursuline St Galveston, TX 77550

    Sponsored
    For Sale
    $125,000

    Prime residential lot, 8-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 5,160 square foot lot presents a remarkable development opportunity in Galveston's desirable Midtown neighborhood. Located at 3615 Ursuline St, Galveston, TX 77550, this cleared lot boasts paved alley access, offering convenient construction and future access. The property's "Urban Neighborhood" (UN) zoning permits the construction of up to eight residential units, making it ideal for a multi-family project or a collection of single-family homes. Its prime location offers unparalleled convenience, situated less than a mile from the beach and Seawall, and just 1.5 miles from vibrant Downtown Galveston. Proximity to Galveston College, approximately 0.5 miles away (8 blocks), with its student population of roughly 2,300, presents a strong potential rental market. This exceptional location provides easy access to the island's numerous amenities, making this a truly unique investment opportunity. The asking price for this exceptional development site is $125,000. Don't miss this chance to build in a well-established, thriving Galveston neighborhood.

    Property Features for 3615 Ursuline St

    General Information

    Property type
    Land

    HighLights

    • UN Zoning, allowing up to 8 residential units.
    • Less than half a mile to Galveston College (approx. 2,300 students).
    • 0.8 miles to the Galveston Seawall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.805963830238
    Latitude
    29.291611259122

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    FAQs

    What type of property is this?
    Land - Prime residential lot, 8-unit potential.
    Where is this land located?
    The property is located at 3615 Ursuline St Galveston, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: UN Zoning, allowing up to 8 residential units.; Less than half a mile to Galveston College (approx. 2,300 students).; 0.8 miles to the Galveston Seawall.
    (713) 857-2309
    Request Owner's contact information
    3615 Ursuline St Galveston, TX 77550
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    Galveston, TX 77550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3615 Ursuline St Galveston, TX 77550
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