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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

61st St. & Central City Blvd Galveston, TX 77551

209,152 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 209,152 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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