5900-5940 Broadway Ave Galveston, TX 77551
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.