427 Market St Galveston, TX 77550-2703

This exceptional commercial property, located at 427 Market St, Galveston, TX 77550, offers a diverse range of office spaces ideal for various businesses. The two-building complex, constructed in 2017, boasts a total of 13,000 square feet, with 10 individual suites available. Spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 6,500 square feet, providing flexibility for businesses of all sizes. The property sits on a 0.85-acre lot and features ample parking with 52 spaces. Currently, 10,500 square feet is available for lease. The building is single-story, with no elevators. The property is zoned commercial and enjoys a prime location in Galveston's thriving submarket, directly across from the 86-acre UTMB campus. This strategic location offers unparalleled access to a significant workforce, with over 20,931 employees within a 15-minute walk. The property is conveniently located near 4th St. and benefited from no damage during Hurricane Harvey. New tenants may be eligible for up to a $15.00 per square foot tenant improvement allowance. Galveston's robust economy, fueled by UTMB's presence and a thriving tourism sector (8.12 million visitors in 2022, spending nearly $1.2 billion), presents a compelling investment opportunity. This property is perfectly positioned to capitalize on Galveston's continued growth and development.