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Marine Building 2101 Mechanic St 16,382 SF 91% Leased Office Building Galveston, TX 77550 $2,350,000 ($143.45/SF)
Investment Highlights
- Hardwood Floors
- Soaring Windows
- Adjacent to Parking Garage
- New Elevator (2024)
Executive Summary
The Marine building was built in 1875. In 2015, the roof, HVAC Units, HVAC duct work, ceilings and lighting were replaced. The building features slate floors on the first floor and hardwood floors throughout the second floor. The building contains large office suites on the first floor along with three executive suites that share a conference room and coffee bar. The second floor contains 21 executive suites with a common reception area, waiting areas, along with access to three shared conference rooms and a shared kitchen. Utilities, night cleaning and trash removal are included. This building is located on the corner of 21st and Mechanic Streets in the historic downtown district. A parking garage and surface lot are adjacent to the building managed by a third-party, professional management company.
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Property Facts
Sale Type
Investment
Property Type
Office
Building Size
16,382 SF
Building Class
B
Year Built/Renovated
1875/2015
Price
$2,350,000
Price Per SF
$143.45
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,191 SF
Building FAR
1.45
Lot Size
0.26 AC
Zoning
CB-H - Historical Downtown; National Historic Landmark District
Parking
525 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Signage
- Air Conditioning
- Fiber Optic Internet
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Fl-Ste 221
- 398 SF
- Office
- Full Build-Out
- Now
Single room, executive suite with access to furnished waiting area, three conference rooms, and kitchen facility.
Executive Suite with towering windows, hard-wood floors, shared conference rooms, kitchen and furnished waiting areas.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 221 | 398 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 225 | 312 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 254 | 261 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 221
| Size |
| 398 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 225
| Size |
| 312 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 254
| Size |
| 261 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 225
| Size | 312 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Single room, executive suite with access to furnished waiting area, three conference rooms, and kitchen facility.
2nd Fl-Ste 254
| Size | 261 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Executive Suite with towering windows, hard-wood floors, shared conference rooms, kitchen and furnished waiting areas.
Exceptionally walkable
90/100
Moderately drivable
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 3505-0561-0006-000 | Improvements Assessment | $909,450 |
| Land Assessment | $394,550 | Total Assessment | $1,304,000 |
Property Taxes
Parcel Number
3505-0561-0006-000
Land Assessment
$394,550
Improvements Assessment
$909,450
Total Assessment
$1,304,000
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Marine Building | 2101 Mechanic St
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