1502 Market St - Hospitality FOR SALE


Galveston, TX 77550- East End Historic District
$2,070,000 USD
281-729-6604
1502 Market St, Galveston, TX for Sale
$2,070,000 USD
Hospitality - FOR SALE
1/202
null | Request Cap Rate

1502 Market St
Galveston, TX 77550
East End Historic District


OVERVIEW

Perched on a prominent corner lot in Galveston’s historic district - just blocks from the shoreline and vibrant downtown - George Manor presents a rare blend of architectural heritage and modern hospitality on nearly half an acre at Market and 15th Streets. Anchoring the estate is the 1868 Edward T. Austin House, showcasing original frescoes and five elegantly appointed suites. Meticulously renovated in 2021, this centerpiece now operates as an award-winning bed and breakfast, offering six bedrooms, five full baths, three half baths, and event-ready grounds equipped with marquees - perfect for intimate gatherings and celebrations. Complementing the main residence is a multifamily complex consisting of four one-bedroom, one-bathroom units spread across two charming structures. Together, these units offer approximately 3,200 square feet of living space, featuring classic wood finishes, functional layouts, and access to public utilities and street parking. Tucked behind gates, the entire compound offers a serene retreat just moments from Galveston’s best restaurants, art galleries, and coastal attractions. In total, the property includes 10 bedrooms, 9 full bathrooms, and 3 half baths - making it a standout investment, hospitality venue, or multi-use residence.

FOR SALE DETAILS

PRICE

$2,070,000 USD

PRICE/SF

$320 USD /SF

# OF ROOMS

10

PRICE/ROOM

$207,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The George Manor

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1868

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

SFR

APN/PARCEL ID

3505-0555-0008-000

ASK ABOUT THIS PROPERTY

Austin JonesKW CommercialMore Info
281-729-6604

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Austin JonesKW CommercialMore Info
281-729-6604

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