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    5900-5940 Broadway Ave Galveston, TX 77551

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Galveston retail space, high traffic area.

    Lot size:
    76,986 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents 76,986 square feet of space within the Broadway Shopping Center, located at 5900-5940 Broadway Avenue J, Galveston, Texas, 77551. Situated on a 4.94-acre lot, this Class C property boasts 380 parking spaces, ensuring ample convenience for customers. Built in 1961 and renovated in 1989, the center comprises a single building with 11 suites. Currently, there are 18,296 square feet of vacant space available, with a maximum contiguous space of 9,896 square feet. The property is conveniently located near the intersection of Broadway Avenue and 59th Street in the NASA/Clear Lake submarket of Galveston County (APN: 7205-0000-0008-001). This established center offers a strong foundation for a variety of retail businesses, benefiting from its high visibility and established presence within the community. The significant available space presents a unique opportunity for expansion or new tenancy within a well-established shopping center. The property's size and location make it an ideal investment for businesses seeking a prominent presence in the Galveston market.

    Property Features for 5900-5940 Broadway Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    76,986 SF
    Class
    C
    Total Rate
    76986

    Building Details

    Year Built/Renovated
    1961/1989
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 5902
    Size
    8,400 SF
    Rate per SF
    $12
    Space
    Suite 5940
    Size
    2,994 SF
    Rate per SF
    $20

    HighLights

    • 42,901 vehicles per day (VPD) traffic count.
    • I‑45 freeway access.
    • High visibility and frontage along the Gulf Freeway.
    • Hard corner location at the signalized intersection of Broadway Avenue J and 59th Street.
    • Dedicated turn lane from the Gulf Freeway.
    • Strong tenant mix including national medical and retail brands (Big Lots, Davita, Subway).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.834887416667
    Latitude
    29.28955322132

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    FAQs

    What type of property is this?
    Retail property - Prime Galveston retail space, high traffic area.
    Where is this retail property located?
    The property is located at 5900-5940 Broadway Ave Galveston, TX.
    What is the lease rate?
    The lease rate is $12-$20 SF/Yr.
    What are key features of this property?
    This property features: 42,901 vehicles per day (VPD) traffic count.; I-45 freeway access.; High visibility and frontage along the Gulf Freeway.
    Request Owner's contact information
    5900-5940 Broadway Ave 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
    5900-5940 Broadway Ave Galveston, TX 77551
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