Marcus & Millichap has been exclusively retained by the owner to offer for sale this historic downtown condominium located at 2201 Post Office (the "Property"). The Property is at the prominent hard corner intersection of Post Office and 22nd Street, in the heart of the arts and antiques high-shopping corridor along Post Office.
The area boasts unique entertainment venues, eclectic shops, world class eateries, several museums, and excellent theaters for the Arts. Being just minutes from the beach and benefiting from the huge cruise ship crowds that flood the Galveston CBD when docking, the Property gets a high level of shoppers looking for unique gifts and mementos as they stroll through some of the most interesting architecture provided by the rich Texas history.
Additionally investors are afforded opportunity and potentiality, as they can keep the current use and continue to operate as a retail rental space, or make a development move and convert the Property to a residential condominiums (or two or three). Priced at $85 per square foot to the improvements, the low entry price point suits a wide range of investors, users, or developers who have interest in commercial investment with a residential exit option.
Galveston is a small romantic island tucked deep within the heart of south Texas, while possessing all the charm of a small southern town and just 40 minutes south of the fourth largest city in the United States. The Island offers 32 miles of relaxing beaches, superb restaurants, top resort hotels, marvelous downtown shopping, numerous antique stores, incredible art galleries, fabulous entertainment and one of the largest and well-preserved concentrations of Victorian architecture in the country.
Most residents cannot remember the last time they visited the mainland and if circumstances permitted, they would never leave. From soft sandy beaches to famous 19th century architecture, the island is surrounded with incredible history and unique beauty.
With a low entry cost and excellent location, 2201 Post Office offers investors an opportunity to obtain one of the most attractive hard corners in the Galveston CBD.
