1528 Post Office St - Health Care FOR SALE


Galveston, TX 77550- East End Historic District
$5,000,000 USD
281-508-0800
1528 Post Office St, Galveston, TX for Sale
$5,000,000 USD
Health Care - FOR SALE
1/26
null | Request Cap Rate

NEW


1528 Post Office St
Galveston, TX 77550
East End Historic District


HIGHLIGHTS

  • Prime location near Galveston’s historic Strand area. Four multi-story buildings with ~45,939 sq. ft. of living space.
  • Former uses include medical rehabilitation, long-term care, and educational facilities.
  • Includes a gymnasium, offices, dining areas, activity rooms, and living quarters.
  • Ample parking and attractive outdoor spaces with mature trees. Situated on two parcels, occupying a full city block.
  • Galveston Assisted Living Facility: Post Office Campus

OVERVIEW

Prime Mixed Use Commercial Property For Sale with the opportunity for a wide variety of separate or combined uses. Well suited for senior care, transitional living, student housing, artist colony, private school, recreation facility, and/or other as it encompasses an entire city block on 1.79 acres (78,015 SF Lot) in the Galveston Historic District near The Strand, on Post Office & 16th Street. This property consists of +/- 45,939 SF location with 40+ bed dormitory style rooms, administrative offices, commercial kitchen, and gymnasium. Aesthetically pleasing architecture with unique design features that incorporate sharp lines and blend the various features of the four individual buildings. This exceptional property, spanning two parcels and occupying an entire city block, is located just a few blocks from the historic Strand area in vibrant Galveston, Texas. Previously serving as the headquarters of the Moody Neurorehabilitation Institute, this campus provided specialized long-term care for individuals with traumatic brain injuries and was formerly a school. The site offers a unique opportunity for redevelopment with a variety of potential uses. The campus comprises four multi-story buildings with approximately 45,939 square feet of living space, as per estimates from the Galveston Central Appraisal District. The buildings feature a versatile layout, including spaces previously used for offices, dining areas, activity rooms, meeting rooms, bedrooms/living quarters, and a fully equipped gymnasium. The property is complemented by ample parking, well-maintained outdoor common areas, and mature trees that enhance the campus’s inviting atmosphere. Location: Galveston is a coastal resort city and port off the Southeast Texas coast on Galveston Island. Primary beach for Houston, TX. Short distance from The Strand, University of Texas Medical Branch (UTMB), Port of Galveston Cruise Terminal, & Galveston East End beaches. Local attractions include The Seawall, The Strand, Moody Gardens & Schlitterbahn Waterpark, and Pleasure Pier. Much of Galveston's economy is centered in the tourism, health care, shipping, and financial industries. The 84-acre University of Texas Medical Branch campus with an enrollment of more than 2,500 students is a major economic force of the city. For additional information about this ALF property or others, please visit: https://myalfconsultant.com/places/former-hq-assisted-living-for-sale-galveston-texas/ Prime Commercial Property for Sale – Former Moody Neurorehabilitation Institute, Galveston, TX This exceptional property, spanning two parcels and occupying an entire city block, is located just a few blocks from the historic Strand area in vibrant Galveston, Texas. Previously serving as the headquarters of the Moody Neurorehabilitation Institute, this campus provided specialized long-term care for individuals with traumatic brain injuries and was formerly a school. The site offers a unique opportunity for redevelopment with a variety of potential uses. The campus comprises four multi-story buildings with approximately 45,939 square feet of living space, as per estimates from the Galveston Central Appraisal District. The buildings feature a versatile layout, including spaces previously used for offices, dining areas, activity rooms, meeting rooms, bedrooms/living quarters, and a fully equipped gymnasium. The property is complemented by ample parking, well-maintained outdoor common areas, and mature trees that enhance the campus’s inviting atmosphere. Key Features: Prime location near Galveston’s historic Strand area Four multi-story buildings with ~45,939 sq. ft. of living space Former uses include medical rehabilitation, long-term care, and educational facilities Includes a gymnasium, offices, dining areas, activity rooms, and living quarters Ample parking and attractive outdoor spaces with mature trees Situated on two parcels, occupying a full city block Potential Uses: This versatile property is ideal for redevelopment into assisted living facilities, an artist colony, veterans’ housing, a school, medical or rehabilitation centers, student or workforce housing, foster care facilities, or other congregate living arrangements. For more details, refer to the Galveston Central Appraisal District records: Parcel 1: https://esearch.galvestoncad.org/Property/View/290427?year=2025&ownerId=406116 Parcel 2: https://esearch.galvestoncad.org/Property/View/103896?year=2025&ownerId=406116 Don’t miss this rare opportunity to acquire a substantial, well-located property with immense potential in the heart of Galveston. Contact us today to schedule a viewing or discuss development possibilities! ***In addition to the '1528 Post Office' campus (former senior care facility), this Owner has listed their current 'Tideway' assisted living facility for sale (Asking: $7,250,000). That property is located at '6444 Central City Blvd, Galveston, TX 77551.' It's a +/-28,961 SF facility with room for expansion located on 3.5 acres next to Galveston Beach. The existing business is a fully-operational licensed 32 beds facility with additional beds possible via repurpose opportunity the dormant therapy & aquatic wing. Existing quad style living quarters, activity & great rooms with high ceilings throughout, professional staff offices, commercial kitchen, rear yard with walking trail, water views, and community garden make this a peaceful retirement facility. The remaining +/- 1.5 acre Pad Site is a perfect land development opportunity for a ‘Continuum of Care’ expansion project such as independent living, assisted living, memory care, and skilled nursing allowing for residents to transition to different levels of care. Alternative pad site uses include retail, restaurant, condominium, multi-family units and/or other.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1528 Post Office St- Galveston ALF Campus

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

R-3-H

APN/PARCEL ID

3505-0495-0000-001,3505-0495-0000-002

ASK ABOUT THIS PROPERTY

Tim LarsonKeller Williams Realty, Inc.More Info
281-508-0800

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Tim LarsonKeller Williams Realty, Inc.More Info
281-508-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.