61st St. & Central City Blvd Galveston, TX 77551
Galveston Place offers exceptional retail space on Galveston Island, a thriving tourist destination attracting over 6 million visitors annually. This centrally located property boasts a total of 209,152 square feet, with two available spaces ranging from 975 to 1,026 square feet. The center enjoys a strong anchor tenant lineup, including Randalls and Spec's Wine & Spirits, ensuring high foot traffic and visibility. Its strategic location places it within easy reach of major attractions such as Moody Gardens, Schlitterbahn, and Pleasure Pier, all within a 3-mile radius. The property provides ample parking with a generous ratio of 5.2 spaces per 1,000 square feet, ensuring convenient access for customers and employees. The minimum divisible space is 975 square feet, while the maximum contiguous space available is 1,026 square feet. Currently, 2,001 square feet are vacant, presenting a unique opportunity for businesses seeking a presence in this dynamic market. Located in Galveston County within the Houston-The Woodlands-Sugar Land, TX metro area, Galveston Place offers a compelling combination of high tourist traffic, strong anchor tenants, and convenient parking, making it an ideal location for a variety of retail businesses. The property's multiple tenancy structure allows for flexibility and diverse business opportunities.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.