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    61st St. & Central City Blvd Galveston, TX 77551

    For Lease
    Contact for pricing

    Prime Retail Space, Galveston Island

    Lot size:
    209,152 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Galveston Place offers exceptional retail space on Galveston Island, a thriving tourist destination attracting over 6 million visitors annually. This centrally located property boasts a total of 209,152 square feet, with two available spaces ranging from 975 to 1,026 square feet. The center enjoys a strong anchor tenant lineup, including Randalls and Spec's Wine & Spirits, ensuring high foot traffic and visibility. Its strategic location places it within easy reach of major attractions such as Moody Gardens, Schlitterbahn, and Pleasure Pier, all within a 3-mile radius. The property provides ample parking with a generous ratio of 5.2 spaces per 1,000 square feet, ensuring convenient access for customers and employees. The minimum divisible space is 975 square feet, while the maximum contiguous space available is 1,026 square feet. Currently, 2,001 square feet are vacant, presenting a unique opportunity for businesses seeking a presence in this dynamic market. Located in Galveston County within the Houston-The Woodlands-Sugar Land, TX metro area, Galveston Place offers a compelling combination of high tourist traffic, strong anchor tenants, and convenient parking, making it an ideal location for a variety of retail businesses. The property's multiple tenancy structure allows for flexibility and diverse business opportunities.

    Property Features for 61st St. & Central City Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    209,152 SF

    Unit(s) available at that property

    Space
    Suite 29
    Size
    1,026 SF
    Space
    Suite 35
    Size
    975 SF

    HighLights

    • 209,152 square foot retail center in Galveston County.
    • Multiple tenant occupancy with two available spaces ranging from 975 to 1,026 square feet.
    • Ample parking with 1,089 spaces (5.2 spaces per 1,000 square feet).
    • Located in Galveston Island's residential and recreational hub, near major attractions including Moody Gardens, Schlitterbahn, and Pleasure Pier.
    • Anchored by Randalls and Spec's Wine & Spirits.
    • Serves a large local population and over 6 million annual tourists.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.8280057
    Latitude
    29.2698628

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Galveston Island
    Where is this retail property located?
    The property is located at 61st St. & Central City Blvd Galveston, TX.
    What are key features of this property?
    This property features: 209,152 square foot retail center in Galveston County.; Multiple tenant occupancy with two available spaces ranging from 975 to 1,026 square feet.; Ample parking with 1,089 spaces (5.2 spaces per 1,000 square feet).
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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
    61st St. & Central City Blvd Galveston, TX 77551
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