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Galveston.com  Commercial & Industrial Real Estate : 513 23rd


PinterestDescription: Commercial & Industrial Real Estate 513 23rd - Galveston, TX 77550
COMMERCIAL

List Price: $510,000

513 23rd
Galveston, TX 77550

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REMARKS

Zero down ownership! Full 20% seller second available at a very low rate! 10 cap rate! Highly visible building in a high traffic location! This building contains 5134 sqft with three lease spaces and two stable tenants, the third spot is available for lease and would make a perfect lease spot for a new owner, your rent would actually go down as the hot downtown market rents increase! Seller will lease space if buyer is not interested in the lease space for themselves. Completely renovated building new fire suppression system and updated electric. Extensive renovations to the exterior of the building, with new roof, new doors, entire building sprinkled, fire alarm. Complete renovation list is available upon request. Owner finance is possible for 1 year balloon. Multiple possibilities for the current open space.

DETAILS

MLS Number
20191118
Type
Commercial Sale
Area
Downtown/The Strand (In Town)
List Price
$510,000
Total Baths
4
Apx Size
5,134 SqFt
Occupancy
Tenant
Business Offered
No
Gross Tax Total
$4,318
Lot Size
7,800 SqFt
Lot Dimensions
60 x 127.3
Ceiling Height
11' - 15'
Overhead Door
12'
Loading Facility
Grade Level
Road Frontage
City Street
Inside City Limits
No
Land Status
Included
Legal Description
BST 628 COMMERCIAL UNIT 511 23RD ST (102-0)
 
 

FEATURES

Leased
75-90%
Term Tenancy
Option Renew
3 Years or Less
Foundation
Slab
Roof
Rolled/Hot Mop
Heating
Central Gas
Cooling
Central Electric
Type Business
Restaurant
Beauty Shop
Professional Service
Resort
Barber Shop
Warehouse
Florist/Nursery
Amusement Park
Wrecking Yard
Retail
Medical
Warehouse
See Remarks
Location
Corner Lot
Downtown Area
Subdivided Bldg
Parking
Street
Exterior Features
See Remarks
TUtilities
Natural Gas Available
Electricity Connected
Trash Pickup City on Site
Water Available
Current Utility
Electricity
City Sewer
Trash Removal City
Gas
City Water
Traffic Count
60001 & Above
20001-25000
5001-10000
40001-60000
Signage
Fascia Sign
Other
Construction
Concrete
Solid Masonry
Misc Interior
Delivery Door
Sprinkler System
Utility Separate Meter
Display Window
Office Restroom
Shop Restroom
Rent Escalation
Other
Sale Includes
Building
Fixtures
Will Sell
Lease
Owner Carry 2nd
Conventional
Lease Purchase
Lender Participate
Tenant Pays
Electricity
Trash Collection
Gas
Water
Sewer
Restrictions
Historical
Energy Efficiency
Foam Insulation
 
 
This property is listed with Kelli McClure with Berkshire Hathaway Anderson Properties.