5302 Broadway Ave Galveston, TX 77551
- Retail properties
- 26,000 SF
Current Use by Public Records
- Retail properties
Property Details for 5302 Broadway Ave
- Year built
- 1957
- Property size
- 26,000 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional redevelopment opportunity presents a unique investment in Galveston, Texas. Located at 5302 Broadway Avenue J, this property boasts a prime location on a hard corner of a major thoroughfare, offering unparalleled visibility and accessibility. The 44,000 square foot lot encompasses two buildings totaling 26,000 square feet, built in 1957. The property's mixed-use zoning allows for a variety of development options, making it ideal for investors seeking a high-return project. Its strategic location is further enhanced by its adjacency to the new 300+ unit Oleanders multi-family development and its proximity to a McDonald's restaurant, ensuring high foot traffic and strong potential for future growth. The asking price for this significant Galveston property is $1,500,000. This is a rare chance to acquire a substantial land parcel in a thriving area, ripe for redevelopment and poised for significant returns. The property's current configuration includes an apartment building, gas station, and quick-service restaurant (QSR) components, presenting a diverse range of possibilities for future development. Bring your vision and proposals for this exciting investment. The property is zoned for mixed-use development, offering flexibility for a variety of commercial and residential projects. This is a truly exceptional opportunity to capitalize on the growth and potential of Galveston's dynamic real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Galveston
- County
- Galveston
- State
- Texas
- Longitude
- -94.8268
- Latitude
- 29.2916
