
$508,200
NAL Estimated Property Value1901 Strand St, Galveston, TX, 77550
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About this property
Discover a rare gem at 1901 Strand Street and 223 19th st in Galveston– an 8,248 sf flex building constructed in 1965, ideally positioned on a coveted corner lot in the vibrant Historic Strand District. This two-story property has a rare approval from the city to build a rooftop deck for hosting events, offering endless possibilities for restaurateurs, retailers, or adaptive reuse, blending historic charm with modern flexibility. Currently utilized as a storage and warehouse facility, the ground floor boasts expansive open space and an office, while the second floor includes an additional mezzanine area ready for transformation. There are multiple historic credits available for this building via local, state and federal tax programs which, if properly positioned, allow for a 10-year property tax freeze as well as up to 55% of the rehab budget reimbursed.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Galveston
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