6201 Broadway St Galveston, TX 77551
This exceptional 0.392-acre commercial land parcel in Galveston, Texas, presents a unique investment opportunity. Located at 6201 Broadway St, Galveston, TX 77551 (APN 2715-0002-0005-000), this property boasts a highly desirable location with significant frontage. The lot offers 118 feet of frontage on the I-45 feeder road and an additional 141 feet on 62nd Street, ensuring exceptional visibility and accessibility. Zoned for both residential and commercial use, this versatile property allows for a wide range of development possibilities. The asking price is $499,000. An existing electric meter is on-site, simplifying utility connections. The property's proximity to a Home Depot and two prominent hotels further enhances its appeal and potential for high traffic and visibility. Development options include build-to-suit projects or leasing opportunities. Potential uses could include beach rentals, food trucks, or other commercial ventures. The lease amount will be determined based on the intended use and lease terms. All development is subject to City of Galveston building codes, permitting requirements, and utility connections. This prime location offers significant potential for substantial return on investment. Serious inquiries are encouraged to explore this exceptional opportunity.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.