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    5302 Broadway Ave Galveston, TX 77551

    Sponsored
    For Sale
    $1,500,000

    Prime Mixed-Use Property, High Traffic

    Property size:
    26,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional redevelopment opportunity presents a unique investment in Galveston, Texas. Located at 5302 Broadway Avenue J, this property boasts a prime location on a hard corner of a major thoroughfare, offering unparalleled visibility and accessibility. The 44,000 square foot lot encompasses two buildings totaling 26,000 square feet, built in 1957. The property's mixed-use zoning allows for a variety of development options, making it ideal for investors seeking a high-return project. Its strategic location is further enhanced by its adjacency to the new 300+ unit Oleanders multi-family development and its proximity to a McDonald's restaurant, ensuring high foot traffic and strong potential for future growth. The asking price for this significant Galveston property is $1,500,000. This is a rare chance to acquire a substantial land parcel in a thriving area, ripe for redevelopment and poised for significant returns. The property's current configuration includes an apartment building, gas station, and quick-service restaurant (QSR) components, presenting a diverse range of possibilities for future development. Bring your vision and proposals for this exciting investment. The property is zoned for mixed-use development, offering flexibility for a variety of commercial and residential projects. This is a truly exceptional opportunity to capitalize on the growth and potential of Galveston's dynamic real estate market.

    Property Features for 5302 Broadway Ave

    General Information

    Property type
    Restaurants
    Square Feet
    26,000 SF

    Building Details

    Year Built
    1957
    Buildings
    2

    HighLights

    • $1,500,000 asking price.
    • 26,000 square foot mixed‑use property on approximately one acre.
    • Two buildings on a hard corner in Galveston, TX.
    • Prime redevelopment opportunity adjacent to a new 300+ unit multifamily development and diagonally across from McDonald's.
    • Property includes an apartment building, gas station, and QSR/fast food components.
    • Built in 1957.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.8268423
    Latitude
    29.2915921

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    FAQs

    What type of property is this?
    Restaurant - Prime Mixed-Use Property, High Traffic
    Where is this restaurant located?
    The property is located at 5302 Broadway Ave Galveston, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 26,000 square foot mixed-use property on approximately one acre.; Two buildings on a hard corner in Galveston, TX.
    Request Owner's contact information
    5302 Broadway Ave Galveston, TX 77551
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    Galveston, TX 77551
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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
    5302 Broadway Ave Galveston, TX 77551
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