This Land Property is no longer advertised on LoopNet.com.

2101 Market St
Galveston, TX 77550

Land For Sale · 0.32 AC

Investment Highlights

  • No height restriction, centrally located in the heart of the booming downtown Galveston.

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Multifamily
  • Restaurant
Total Lot Size 0.32 AC

Description

Prime property in the heart of Galveston Downtown. Property is uniquely situated with the benefit of not having to adhere to the strict 50ft height restriction of Galveston's Central Business district guidelines. The property consists of 3 Prime lots approximately 124ft x124ft total. Galveston tourism numbers increase every year and the demand for vacation rental along with permanent housing continues to increase. Galveston is more than the resort town for south Texas. It is a vibrant coastal city with multiple universities and an active port to provide steady regional employment in addition to the massive annual flood of tourists. Cruise terminals expanding and more boats coming into the expanding port means more employment and even more tourist. There are many possibilities for this location from mixed-use commercial/residential, retail/multifamily, multifamily, restaurant, to name a few. There are also very few hotels in the downtown area, this location is a prime spot for a high to mid-rise hotel. Galveston while it has a steady increasing valuation it is still a bargain for investors and is forecasted to increase in 2020 making this a great buy for investors.

PROPERTY TAXES

zoning

Zoning Code CL (Central Business district with no height restriction)
  • Listing ID: 18524051

  • Date on Market: 2/14/2020

  • Last Updated:

  • Address: 2101 Market St, Galveston, TX 77550