515 Kempner St - Flex FOR SALE


Galveston, TX 77550- Downtown Galveston
$875,000 USD
832-368-4184
515 Kempner St, Galveston, TX for Sale
$875,000 USD
Flex - FOR SALE
1/12
null | Request Cap Rate

Dec '26


515 Kempner St
Galveston, TX 77550
Downtown Galveston


OVERVIEW

Exceptional mixed-use investment opportunity in the heart of Galveston's Historic District. This approximately 5,940-square-foot commercial property offers incredible flexibility for investors, business owners, and entrepreneurs seeking a prime downtown location. The property features two spacious upstairs residential apartments, each offering 2 bedrooms and 2 bathrooms, creating an excellent opportunity for rental income, owner occupancy, or short-term lodging potential (subject to local regulations). Ideally situated within walking distance of some of Galveston's most popular destinations, including The Strand Historic District, The Grand 1894 Opera House, MOD Coffeehouse, Rudy & Paco Restaurant, boutique shopping, entertainment venues, galleries, and numerous dining options. The location benefits from strong pedestrian traffic and year-round tourism, making it well-suited for retail, office, restaurant, hospitality, or other commercial ventures. Whether you're looking to expand your business footprint, generate multiple income streams, or invest in one of Galveston's most sought-after commercial corridors, this unique property offers exceptional potential in an unbeatable location. Prime Downtown Galveston Location • 5,940 SF Commercial Building • Two 2-Bedroom/2-Bath Apartments • Walkable to Shopping, Dining & Entertainment • Mixed-Use Income Potential

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

UTILITIES

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CLEAR CEILING HT

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DOCKS

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DRIVE INS

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PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

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ZONING

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APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

Jonathan CottrellCottrell Realty LLCMore Info
832-368-4184

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Jonathan CottrellCottrell Realty LLCMore Info
832-368-4184

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