17614 Termini-San Luis Pass Rd Galveston, TX 77554

Property Details for 17614 Termini-San Luis Pass Rd

Property size

1,944 SF

Property type

Office Properties & Spaces

Description

This exceptional investment opportunity presents a 1,944 square foot, Class B, free-standing office building located at 17614 Termini-San Luis Pass Rd, Galveston, TX 77554. The property boasts a prime location on the San Luis Strip in Jamaica Beach, approximately 10 miles west of 61st Street, ensuring high visibility and significant daily traffic. Currently 100% occupied by a national tenant under a five-year lease, this building offers a strong, stable income stream with a 6.00% cap rate and an asking price of $575,000 ($282.92/sq ft). The building features a spacious layout including a large office area accommodating at least three desks and workspaces, five additional offices, and three full bathrooms. A kitchen and dining area are also included. Three storage rooms, potentially usable as additional offices, add to the versatility. A significant advantage is the large air-conditioned warehouse area capable of parking up to four cars, along with a covered open shed suitable for three vehicles or equipment storage. Importantly, this property did not flood during Hurricane Ike. The lot size is substantial at 21,780 square feet, offering 108.9 feet of frontage and a depth of 200 feet, plus a 900 square foot garage. This is a turnkey investment with a proven track record and significant potential for long-term growth.