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$875,000

NAL Estimated Property Value

2425 Strand Street, Galveston, TX, 77550

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths2,795 Sq Ft
price_per_sqft$313.06 / sqft
Year BuiltBuilt in 1898

About this property

Live/ work in this prime first floor location in downtown Strand Historic District. Great corner location one block from Cruise Terminal and across the street from Moody Plaza & Galveston transportation center. On Mardi Gras and Dicken's Queen's Parade Route lending itself to great exposure and foot traffic. Approx. 2700 sq. ft. of retail space including a bar and place for live music. There is in additonal 245 sq ft. back spce with a kitchen and space for storage that can be easily converted to bedroom . Great opportunity for store owner/investor or an investor looking for rental opportunities both commercial and residential to reduce overhead by living and working. Unit is part of HOA that doesn't include parking or pool use if soley commercial. Entrances on both streets, 25th street and Strand Street, allowing for incredible flexibility. 2 Half bath and great storage. The Owner is a Texas licensed Real Estate agent. space outside for tables is permited.

Investor Tools

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$875,000
Estimated Property Value
$0Estimated Mortgage Balance
$875,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,250 /month
Positive
Cash Flow Estimate:
$1,750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$388/month
5.947%

City: Galveston

2425 Strand Street | Property Details | No Agent List