2309 Strand St - Office/Residential FOR SALE


Galveston, TX 77550
$2,450,000 USD
713-204-0268
2309 Strand St, Galveston, TX for Sale
$2,450,000 USD
Office/Residential - FOR SALE
1/12
null | 7.44% Cap Rate

2309 Strand St
Galveston, TX 77550


HIGHLIGHTS

  • Heavy pedestrian traffic
  • Historic facade and design
  • Mixed tenancy (Retail/Residential)

OVERVIEW

The Rosenberg Building is a Historic mixed tenancy investment opportunity centrally located within the Galveston Island Historic Strand District - Galveston's primary shipping and retail zone. The property is fully leased with first floor retailers and upper floor residences. The residential units, building facade, and common areas have been fully renovated recently. The immediate location benefits from the Cruise terminal's 2.2 M annual visitors and Galveston's growing annual 7 M unique visitors enticed by nationally relevant annual events and festivals and a rising number of unique eateries and over 61 bars. Galveston generates over $833 M in total annual spending and hosts over 6,000 hotel rooms with a critical density of rooms in the Strand area within walking distance of The Rosenberg Building.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

7.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rosenberg Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1871

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

GC

APN/PARCEL ID

3505-0623-0005-000

ASK ABOUT THIS PROPERTY

Derek HughesZann Commercial Brokerage, Inc.More Info
713-204-0268

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Derek HughesZann Commercial Brokerage, Inc.More Info
713-204-0268

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.