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    1017 61St St Galveston, TX 77551

    For Sale
    Contact for pricing

    Prime Galveston location, 2500 sq ft.

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional owner-user opportunity presents a 2,500 square foot retail space ideally suited for a bar, restaurant, or storefront operation. Located at 1017 61st Street in Galveston, Texas, 77551, this property sits on a 0.51-acre lot, providing ample parking for patrons and staff. The convenient location offers easy access to I-45, ensuring high visibility and accessibility for customers. The property is classified as retail, with subtypes including bar, restaurant, and storefront, making it versatile and adaptable to a range of business concepts. The building's size and layout offer significant potential for customization and expansion, allowing for the creation of a unique and successful establishment. This is an excellent chance to establish a thriving business in a vibrant Galveston community. The property's zoning and permitted uses should be independently verified. Serious inquiries are encouraged to explore this exciting investment opportunity further. The property is located in Galveston County, Texas, and its precise coordinates are 29.2872982 latitude and -94.8376992 longitude.

    Property Features for 1017 61St St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,500 SF
    Lot Size
    22,216 SF

    HighLights

    • Retail space totaling 2,500 square feet.
    • Located at 1017 61st St, Galveston, TX 77551.
    • 0.51‑acre lot.
    • Suitable for bar, restaurant, or storefront use.
    • Owner/user investment opportunity.
    • Ample parking available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    VAPE SPOT Vaporizer Store Island Spot hookah ... Restaurant Island Spot hookah ... Tobacco Shop Island Spot (hookah ... Restaurant Island Spot hookah ... Tobacco Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.8376992
    Latitude
    29.2872982

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    FAQs

    What type of property is this?
    Individual retail property - Prime Galveston location, 2500 sq ft.
    Where is this individual retail property located?
    The property is located at 1017 61St St Galveston, TX.
    What are key features of this property?
    This property features: Retail space totaling 2,500 square feet.; Located at 1017 61st St, Galveston, TX 77551.; 0.51-acre lot.
    Request Owner's contact information
    1017 61St St 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
    1017 61St St Galveston, TX 77551
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