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515 22nd St 5,940 SF 100% Leased Retail Building Galveston, TX 77550 $875,000 ($147.31/SF)
Executive Summary
Exceptional mixed-use investment opportunity in the heart of Galveston's Historic District. This approximately 5,940-square-foot commercial property offers incredible flexibility for investors, business owners, and entrepreneurs seeking a prime downtown location.
The property features two spacious upstairs residential apartments, each offering 2 bedrooms and 2 bathrooms, creating an excellent opportunity for rental income, owner occupancy, or short-term lodging potential (subject to local regulations).
Ideally situated within walking distance of some of Galveston's most popular destinations, including The Strand Historic District, The Grand 1894 Opera House, MOD Coffeehouse, Rudy & Paco Restaurant, boutique shopping, entertainment venues, galleries, and numerous dining options. The location benefits from strong pedestrian traffic and year-round tourism, making it well-suited for retail, office, restaurant, hospitality, or other commercial ventures.
Whether you're looking to expand your business footprint, generate multiple income streams, or invest in one of Galveston's most sought-after commercial corridors, this unique property offers exceptional potential in an unbeatable location.
Prime Downtown Galveston Location • 5,940 SF Commercial Building • Two 2-Bedroom/2-Bath Apartments • Walkable to Shopping, Dining & Entertainment • Mixed-Use Income Potential
The property features two spacious upstairs residential apartments, each offering 2 bedrooms and 2 bathrooms, creating an excellent opportunity for rental income, owner occupancy, or short-term lodging potential (subject to local regulations).
Ideally situated within walking distance of some of Galveston's most popular destinations, including The Strand Historic District, The Grand 1894 Opera House, MOD Coffeehouse, Rudy & Paco Restaurant, boutique shopping, entertainment venues, galleries, and numerous dining options. The location benefits from strong pedestrian traffic and year-round tourism, making it well-suited for retail, office, restaurant, hospitality, or other commercial ventures.
Whether you're looking to expand your business footprint, generate multiple income streams, or invest in one of Galveston's most sought-after commercial corridors, this unique property offers exceptional potential in an unbeatable location.
Prime Downtown Galveston Location • 5,940 SF Commercial Building • Two 2-Bedroom/2-Bath Apartments • Walkable to Shopping, Dining & Entertainment • Mixed-Use Income Potential
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,940 SF
Building Class
C
Year Built
1967
Price
$875,000
Price Per SF
$147.31
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.07 AC
Zoning
CB
Frontage
38’ on Kempner Street
Exceptionally walkable
90/100
Moderately drivable
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3505-0442-0008-002 | Improvements Assessment | $567,190 |
| Land Assessment | $163,610 | Total Assessment | $730,800 |
Property Taxes
Parcel Number
3505-0442-0008-002
Land Assessment
$163,610
Improvements Assessment
$567,190
Total Assessment
$730,800
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515 22nd St