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1915 45th St 10,138 SF 100% Leased Retail Building Galveston, TX 77550 $1,455,000 ($143.52/SF)
EXECUTIVE SUMMARY
PRICE DROP - Selling below tax assessed value.
Full service leases, most are on month-to-month. Great opportunity for any operator/landlord to complete renovations. Location has parking in front of commercial space along with resident parking in the rear and side of the property.
Full service leases, most are on month-to-month. Great opportunity for any operator/landlord to complete renovations. Location has parking in front of commercial space along with resident parking in the rear and side of the property.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,138 SF
Year Built
1970
Price
$1,455,000
Price Per SF
$143.52
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.69
Lot Size
0.14 AC
Zoning
None
Parking
14 Spaces (1.38 Spaces per 1,000 SF Leased)
Frontage
120’ on 45th Street
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2965-0109-0013-000 | Total Assessment | $1,698,300 |
| Land Assessment | $95,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,603,200 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2965-0109-0013-000
Land Assessment
$95,100
Improvements Assessment
$1,603,200
Total Assessment
$1,698,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1915 45th St
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