Commercial Property for Sale in Galveston Texas 77550
1528 Post Office St, Galveston, Texas 77550
$5,000,000
$109 / sq ft Listed Aug 22, 2025
45,939 sqft
Building
1970
Built
2
Stories
50
Parking
4
Units
Class C
Class
About this property
Commercial Property for Sale in Galveston Texas 77550 is a special purpose for sale in Galveston, Texas, listed at $5,000,000. Key details: year built 1970, building size 45,939 sqft, stories 2, parking spaces 50. Listed by TIM LARSON of Keller Williams Memorial/KW Commercial on LoopingCloud and last updated December 17, 2025.
Premier Mixed-Use Property in Historic Galveston
Discover a unique opportunity to acquire an entire city block on 1.79 acres in the heart of the Galveston Historic District. Located at the corner of Post Office and 16th Street, this mixed-use commercial property offers a wide variety of development possibilities.
This site previously served as the headquarters for the Moody Neurorehabilitation Institute and was also a school. The property consists of four multi-story buildings totaling approximately 45,939 square feet, with a versatile layout that includes offices, a commercial kitchen, a full gymnasium, and numerous rooms suitable for living quarters.
Endless Potential
The aesthetically pleasing architecture and ample on-site parking make this an ideal location for redevelopment. This property is well-suited for:
-
Senior care or assisted living
-
Student or workforce housing
-
Transitional living or a private school
-
A recreation facility or artist colony
-
Other congregate living arrangements
Prime Location
Galveston is a popular coastal resort city and is a short distance from major attractions like The Strand, the Port of Galveston Cruise Terminal, and UTMB. The city's economy is centered on tourism, healthcare, and finance, making it a vibrant and growing community.
Additional Property Available
The owner has also listed their fully-operational assisted living facility, "Tideway," for sale. Located at 6444 Central City Blvd, this 28,961-square-foot facility sits on 3.5 acres next to Galveston Beach.
This licensed 32-bed facility has room for expansion and features quad-style living quarters, a commercial kitchen, and peaceful water views. The remaining 1.5-acre pad site offers a perfect land development opportunity for a "Continuum of Care" expansion project, retail, multi-family units, or other uses.
Key highlights
- Investment Sub Type Continuum of Care
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1970
- Building Size
- 45,939 sqft
- Stories
- 2
- Parking Spaces
- 50
- Total Units
- 4
- Building Class
- Class C
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$109
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $5,000,000 | - | - | - | - |
Features and amenities
Property Features
- APN: 3505-0495-0000-001 & 3505-0495-0000-002
- Investment Sub Type : Continuum of Care
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
- Additional information: https://myalfconsultant.com/places/former-hq-assisted-living-for-sale-galveston-texas/
Location
Address as shown by the lister.
Get directionsAbout this area - Galveston
- Population
- 30,146
- Housing units
- 14,628
- Land area
- 7.6 sq mi
- County
- Galveston
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Additional contacts
2 people to reach- Chase Kocurek - chase@kwcommercial.comLand Specialist - License #: TX 791774 (409) 789-7871
- Sunny Gandhi - Sgandhi@KWCommercial.comRealtor Associate (407) 395-4422
Frequently asked questions
What is the asking price of Commercial Property for Sale in Galveston Texas 77550?
Commercial Property for Sale in Galveston Texas 77550 is listed at $5,000,000. That works out to about $109 per square foot.
Where is Commercial Property for Sale in Galveston Texas 77550 located?
The property is in 1528 Post Office St, Galveston, Texas 77550, Galveston County.
What type of property is this?
This is a special purpose for sale in the commercial category.
How big is the property?
The building is 45,939 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
TIM LARSON of Keller Williams Memorial/KW Commercial listed this property. Use the Request Info button to send a message or call (713) 461-9393.
When was this listing published?
It was published on August 22, 2025 and last updated on December 17, 2025.
Listing information
- Listing ID
- CL-Texas-26139
- Published
- Aug 22, 2025
- Last updated
- Dec 17, 2025
- Views
- 612
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