1915 45th St 10,520 SF 100% Leased Retail Building Galveston, TX 77550 $1,000,000 ($95.06/SF) 10% Cap Rate

Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset consists of seven residential apartments and four commercial storefronts, providing multiple income streams and a strong foundation of in-place cash flow. Several commercial tenants have occupied the property for many years, including tenants dating back to 2010, demonstrating strong tenant retention and location stability.
The property currently generates approximately $152,400 in annual gross income and offers an in-place cap rate of approximately 10% based on current operations. Current rents reflect a conservative baseline and, in many cases, remain below the potential achievable through interior updates, exterior improvements, and strategic property enhancements. A new owner has the opportunity to increase revenues through unit renovations, rental optimization, and continued property improvements while benefiting from immediate cash flow from day one. With diversified residential and commercial income, limited landlord utility responsibilities, and significant value-add potential, this property presents an attractive opportunity for both cash-flow investors and investors seeking long-term appreciation. Rare opportunity to acquire a well-positioned coastal Texas mixed-use asset offering strong current returns and meaningful upside potential.