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Investment Highlights

  • Located within minutes of Highway 6 and Interstate 45, connecting to Houston and Galveston.
  • Surrounded by schools, residential communities, and local services supporting steady demand.

Executive Summary

Located in Galveston County, 8219 Wallace Avenue offers a unique opportunity for redevelopment or adaptive reuse within a growing Gulf Coast corridor. The nearly one-acre site provides versatility for prospective buyers seeking investment potential with flexible applications, including hospitality, entertainment, or service-oriented uses. With an existing structure in place and recorded commercial activity, this property sits near established neighborhoods and schools, creating a strong base for future customer traffic.
The Hitchcock area benefits from quick connectivity to major regional hubs such as Galveston and Houston, which are accessible via Highway 6 and nearby Interstate 45. These thoroughfares support commercial operations by enabling efficient access to tourist populations, maritime industries, and broader residential communities in the Gulf Coast. Investors will appreciate the favorable tax rates and local economic initiatives encouraging redevelopment, making this site compelling for small business ventures or expanded operating footprints.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,048 SF
Building Class
C
Year Built
1958
Percent Leased
100%
Building Height
1 Story
Building FAR
0.10
Lot Size
0.47 AC
Parking
20 Spaces (9.77 Spaces per 1,000 SF Leased)
Frontage
52’ on Wallace Avenue
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 4015-0017-0005-000
  • 4015-0017-0007-000
Land Assessment
$29,000
Improvements Assessment
$381,000
Total Assessment
$410,000
  • Listing ID: 40501637

  • Date on Market: 5/12/2026

  • Last Updated:

  • Address: 8219 Wallace Ave, Hitchcock, TX 77563

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