Current Use by Public Records
- Retail properties & Spaces
Property Details for 2015 The Strand
- Year built
- 1857
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This unique Galveston investment opportunity encompasses three historic buildings totaling 11,100 square feet on The Strand. Built between 1857 and 1894, these interconnected structures boast 8 units across three stories and have survived numerous hurricanes. Currently configured as a mixed-use property including hotel, retail, and office space, there are vacant and underutilized areas presenting significant value-add potential for a savvy investor. The property features a large balcony, patios, and separately metered utilities for each building. Existing leases are in place for major annual events through 2026, and the seller will assist with the transition. Fixtures, furniture, and equipment will convey. The property's rich history, prime location, and flexible layout offer a rare chance to capitalize on Galveston's thriving tourism and hospitality sectors. Showings are by appointment only; please do not disturb tenants. The property includes a large private office, four separate suites, a common area, laundry facilities, and kitchen. The third floor contains two expansive lofts, each with two baths and a kitchen, ideal for high-end rentals or owner occupancy. One loft offers stunning Strand views. This is a 1031 exchange eligible property.
Value Estimations
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AI approach
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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
- -94.7918
- Latitude
- 29.3079
