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1502 39th St 9,963 SF 100% Leased Retail Building Galveston, TX 77550 $1,250,000 ($125.46/SF)
INVESTMENT HIGHLIGHTS
- Historic 1924 Keystone brick building
- A 3,000 sq ft outdoor area
- Central HVAC, TWIA-permitted roofing, and updated electrical & plumbing
EXECUTIVE SUMMARY
Large two story prominent corner historic brick building, circa 1924, with 9 first floor rental areas: 7 facing 39th Street and two facing Avenue N. The upstairs has two large condo-type areas with one having 7 bedrooms surrounding two common areas, a kitchen and 1 1/2 baths and the other having 4 bedrooms and a kitchen and bath. A large private roof patio area, with covered bar area, separates the two upstairs living areas. Hot tub area, with patio and private staircase downstairs. The property is among the many up and coming 39th Street establishments that are proven financial successes.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
9,963 SF
Building Class
C
Year Built
1961
Price
$1,250,000
Price Per SF
$125.46
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.28
Lot Size
0.18 AC
Zoning
R
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3510-0035-0001-000 | Improvements Assessment | $723,380 |
| Land Assessment | $137,620 | Total Assessment | $861,000 |
PROPERTY TAXES
Parcel Number
3510-0035-0001-000
Land Assessment
$137,620
Improvements Assessment
$723,380
Total Assessment
$861,000
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1502 39th St
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