1020 Seawall Blvd

Investment Highlights

Beachfront, Flexible, High Traffic Retail

Executive Summary

1020 Seawall offers the rare opportunity to live, work, and own a newly renovated, residential/commercial boutique property with a myriad of income producing potential that is strategically located and front row in the veritable heartbeat of great beach, shopping, and tourist attractions of the Galveston's Seawall. The area is booming. The new Hotel Lucine is doing very well and getting rave reviews and Jimmy Buffet?s Margaritaville was just announced and is coming soon too.The property is two stories, and the first floor is divided into two parts. This first part has historically been leased to a successful golf cart, surrey, scooter rental operator and has an overhead rollup garage door and showroom area that is flanked by a large, covered patio and wrap around breezeway. If the buyer does not intend to owner operate a business here this area can be leased again as the demand, as you might expect, is high. The second part of the first floor is the snack bar and concession area. Tourists and beach goers love to come here to beat the heat, enjoy the sea breeze and listen to island tunes while queuing up to order ice cold drinks and snacks from the pass thru serving window with the very cool custom surfboard as a countertop. Simple offerings such as ice-cold beer, cold drinks, ice cream, snacks, turkey legs, funnel cakes, and hamburgers have always been a big hit and area easy to make a very profitable for a savvy operator.Upstairs on the second floor is the rest of this ?right sized? gem of a property. Recently updated this flexible space would make an excellent loft or creative office space- just add flooring. Or add kitchen cabinets, countertop and a sink and its back to its original intended use as a very cool, high ceiling, 2BR 2 Bath bungalow apartment that boasts an incredible view from every room, indoor laundry, atrium bath, and two large super awesome ?it?s 5 O?clock Somewhere? balconies facing the beaches and the Gulf of Mexico. You must experience the year-round breeze from these balconies for yourself. This is truly a nice space with limitless possibilities for the new owner to keep and use for themselves or rent as a short-term vacation rental thru VRBO or Airbnb, or lease for a longer term through MLS. Either way, the choice is yours That?s 1020 Seawall Blvd in a nut, eh, I mean conch shell. The longtime owner says SELL and is trading in the beach for green pastures- literally. This opportunity, especially after this final price reduction, will not last long. Serious Buyers Looking to Act Now and Close Quickly use the VIP hot line. Call Ronnie Miranda 713 875 7282 to discuss. Brokers Protected. Short Notice Tours for qualified buyers are welcome. Brokers Protected.Attention: Would the Owner be Occupying at least 51%? Then this property qualifies for an SBA 7a Loan Program. Buy with as little as 10% down payment (subject to credit etc.) and enjoy up to 25-year amortization, money for equipment or working capital and a low fixed rate interest with no balloon payments.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food OfficeLoft Creative Space Office Office Residential Freestanding
• Building Size    1,444
• Building Class    B
• Year Built/Renovated    1972/2024
• Price    1,250,000
• Price Per SF    866
• Tenancy    Single
• Building Height    2 Stories
• Building FAR    0.66
• Land Acres    0.05 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Corner Lot