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    2127 Broadway Ave Galveston, TX 77550

    Sponsored
    For Sale
    $995,000

    Mixed-use building, prime location, high potential.

    Property size:
    9,696 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 2127 Broadway (Avenue J) in Galveston, Texas, presents a unique investment opportunity. The 9,696 square foot building, constructed in 1954 and extensively renovated in 2021, boasts a Class A designation and sits on a 5,160 square foot lot. Currently operating at 50% occupancy, the property offers versatile space ideal for a variety of businesses. The zoning is designated as Urban Neighborhood. The building's subtypes include creative office, restaurant, and storefront spaces, making it suitable for a live/work arrangement or separate commercial and residential uses. The first floor has been completely renovated. The upper floor, currently partially occupied, offers significant potential for conversion into residential condos or self-storage units, contingent upon obtaining necessary permits. The addition of a freight elevator could further enhance the self-storage potential. The property includes eight parking spaces, with the possibility of creating three to four additional off-street spaces if the upper floor is converted to condos. The asking price is $995,000. This two-story building presents endless possibilities for creative businesses and entrepreneurs seeking a prime location in Galveston's vibrant urban core. The property is owned by Brett and Veronica Von Blohn.

    Property Features for 2127 Broadway Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,696 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1954/2021
    Buildings
    1
    Stories
    2

    HighLights

    • Excellent location.
    • Live/work space potential with upper‑level storage units or condo conversion opportunity.
    • Off‑street parking available.
    • Ideal for creative businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.7905482
    Latitude
    29.3001394

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    FAQs

    What type of property is this?
    Individual retail property - Mixed-use building, prime location, high potential.
    Where is this individual retail property located?
    The property is located at 2127 Broadway Ave Galveston, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Excellent location.; Live/work space potential with upper-level storage units or condo conversion opportunity.; Off-street parking available.
    Request Owner's contact information
    2127 Broadway Ave 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
    2127 Broadway Ave Galveston, TX 77550
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