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General Description
minimize2 Historic buildings in downtown Galveston on 2 full city lots with @13,780 interior sq. ft. One building faces Market St. with 3 street level commercial units and 5 second floor residential units. The second building faces 25th St./Rosenberg Ave. with 3 commercial units and storage. The buildings share alley walkway and back courtyard access. Built in the early 1900's and renovated in the early 2000's, each building has historic charm inside and out with exposed brick, cast iron columns, high ceilings, long doors & windows. The 5 second floor apartments are all 1bd/1bath with full kitchens. This property is well located, at a highly visible intersection and close to restaurants, galleries, shopping, cruise terminal, city hall and all that Galveston has to offer in the way of entertainment and relaxed lifestyle. These buildings have been a rich part of Galveston's history and offer exciting potential for it's future. Shown with 48-hr notice to qualified buyers only.
Interior Features
Exterior Features
Additional Information
Financial Information
Selling Agent and Brokerage
minimizeProperty Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $109.27 | $1,500,000 | 48.48% | $1,500,000 | 48.48% |
| 2022 | $73.59 | $1,010,270 | 0.00% | $1,010,270 | 0.00% |
| 2021 | $73.59 | $1,010,270 | 89.55% | $1,010,270 | 89.55% |
| 2020 | $38.82 | $532,970 | 35.44% | $532,970 | 35.44% |
| 2019 | $28.66 | $393,500 | 0.00% | $393,500 | 0.00% |
| 2018 | $28.66 | $393,500 | $393,500 |
2023 Galveston County Appraisal District Tax Value
| Market Land Value: | $51,600 |
| Market Improvement Value: | $1,448,400 |
| Total Market Value: | $1,500,000 |
2023 Tax Rates
| GALVESTON COUNTY: | 0.3676 % |
| GALVASTON COLLEGE: | 0.1320 % |
| NAVIGATION DIST 01: | 0.0285 % |
| COUNTY ROAD/FLOOD: | 0.0084 % |
| GALVASTON ISD: | 1.0350 % |
| GALVESTON CITY: | 0.4445 % |
| Total Tax Rate: | 2.0161 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 6,489 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 2,520 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Schools
minimizeSchool information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
ASSIGNED SCHOOLS
Good |
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Property Map
minimize2505 Market Street Galveston TX 77550 was recently sold. It is a 13,728 SQFT, in Galveston Townsite.
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