Description
Unlock the potential of Galveston's rapidly revitalizing Midtown district with this 5,240 sqft (.12-acre) development opportunity. Positioned in the path of growth and surrounded by ongoing new construction and redevelopment, this property comes with engineering plans in place for an 8-unit apartment complex allowing investors to accelerate timelines and reduce upfront planning costs. The lot also features valuable alley access, providing added flexibility for parking, service entry, and efficient site design an important advantage for multifamily development. With strong demand for multifamily housing in the area, this site is ideally suited for developers seeking to capitalize on rental income potential and long-term appreciation. Whether you move forward with the existing plans or tailor the project to your own vision, the location and existing groundwork make this a standout investment.
Details
| MLS # | 82853906 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 47 |
| Listing Provided By | Century 21 Tevas | Moire Torres |
Features
| Acreage | 0.12 |
|---|
Exterior
| Lot Features | Cleared, Level |
|---|
Taxes
| Tax Annual Amount | 1634 |
|---|
Area Information
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77550 |
| Area | 33 |
| Subarea | East End |
| Community Name | Galveston Outlots |
| Listing VS Median (in Galveston Outlots) | |
Price: $80,000 low | high Med: $310,000 On site: 47 low | high Med: 32 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77550 |
| Area | 33 |
| Subarea | East End |
| Community Name | Galveston Outlots |
| Listing VS Median (in Galveston Outlots) | |
Price: $80,000 low | high Med: $310,000 On site: 47 low | high Med: 32 | |
 | $675,0003520 Avenue KGalveston, TX 77550 |
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Land & Ranch 210.483.7500 | Bandera 830.850.6700 | Global Luxury 210.483.5700 | Coldwell Banker Commercial Alamo City 210.483.6250
North Central San Antonio / Stone Oak 210.483.7070 | Harper Property Management 210.483.7040 | Relocation Services 210.483.7121
North West San Antonio 210.483.0000 | Laredo 956.722.4822 | Coldwell Banker Commercial International Gateway 956.937.2867
