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$508,200

NAL Estimated Property Value

1901 Strand St, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths8,248 Sq Ft
Multi FamilyMulti Family
price_per_sqft$72.14 / sqft
Year BuiltBuilt in 1965

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size3,428 sqft

Building Information

Year Built1965
Stories2

Land Information

APN3505-0619-0007-001
Lot Number7
SubdivisionGalveston Townsite
Land UseCommercial
Legal DescriptionABST 628 M B MENARD SUR N 81 FT OF LOT 7 (7-1) BLK 619 GALVESTON
Census Tract724500
Assessed Land Value$185,210
Assessed Improvement Value$322,990
Assessment Year2025

About this property

LOCATION, LOCATION, LOCATION!!! Come operate your business in the oh-so-coveted Historic Strand District on Galveston Island! This rare corner lot on "the" Strand has endless options for flexible use; with the building currently being used as a storage and warehouse facility. The ground level features open square footage and an office. The second floor layout offers a small apartment and open space. This property has the ability to be continued for use as storage (very convenient in a high-traffic area!), be turned into a multi-family property, or maybe even become the Strand's next trendy restaurant! ***The tin building on 19th is also included in the sale! This building offers another 1368 in square-footage. Schedule your showings today!

Investor Tools

Property Icon
$508,200
Estimated Property Value
$88,068Estimated Mortgage Balance
$420,132Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$947/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,823
$508,200
2025
$185,210
$322,990
$508,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,823
$508,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United States Small Business Admin
Closed-End Mortgage / Closed-End With Future Advance Clause
$45,100
No
First
Jan 24, 2025
Jan 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,068
$420,132
82%
17%
$542/mo

City: Galveston

1901 Strand St | Property Details | No Agent List