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$1,350,000

2415 Market St, Galveston, TX, 77550

On MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths6,798 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$198.59 / sqft
Year BuiltBuilt in 1966

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher
FlooringTile, Wood

Exterior

Lot Size2,762 sqft

Building Information

Year Built1966
Stories3
Roof Type121

Land Information

APN3505-0504-0003-002
Lot Number3
SubdivisionGalveston Townsite
Land UseCommercial
Legal DescriptionABST 628 M B MENARD SUR E 2-10 FT OF LOT 3 & W 20 FT OF LOT 4 (3-2) BLK 504 GALVESTON
Census Tract724500
Assessed Land Value$158,260
Assessed Improvement Value$499,740
Assessment Year2025

About this property

Own a premier mixed-use investment property in the heart of Downtown Galveston! This income-producing, three-story building offers the perfect blend of commercial and residential income streams, complete with valuable two-car garage. The property features approximately 2,750 square feet of fully leased office space on the first floor, occupied by multiple tenants and providing immediate income. Designed for a professional business environment, the commercial level offers soaring ceilings, three private offices, multiple conference and meeting rooms, and an efficient layout. Above the commercial space are three residential units (4,048 SqFt) all recently turned over and ready for lease. The second floor includes two beautifully finished 1-bedroom, 1-bathroom apartments, while the third floor features a spacious 2-bedroom, 2-bathroom unit with stunning views of Downtown Galveston.

Investor Tools

$212,751Estimated Mortgage Balance
$446,219Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,100 /month
Positive
Cash Flow Estimate:
$2,700 /month

Interested in this property?

Jackson Almon

Almon & Co. Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,775/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,008
$658,000
2025
$158,260
$499,740
$658,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,008
$658,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bertini Brothers Llc
Unknown
$250,000
No
First
Dec 26, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,751
$445,249
67%
32%
$1,499/mo

City: Galveston

2415 Market St | Property Details | No Agent List