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Galveston Beachfront Development Opportunity

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93 +/- Acres of Grand Beach | Galveston, Texas

Property Details:

• Beachfront: +/- 29 Acres (Developable); +/- 51 Acres (Gross)

• Outlot “A”: +/- .98 Acres (Pro-rata Public Beach Access)

  • Seller will consider subdividing to fit the Buyer’s land yield requirements

  • Seller will consider an Owner Financing structure

• Gulf View: +/- 42 Acres (Gross)

USACE 401/404 Permit Obtained for Beachfront Property

TXGLO - Beach Construction Certificate (Beachfront and Outlot “A”))

• Located within the boundaries of an Opportunity Zone recently created by Congress

• Located within a 2-Mile Stretch of “Growing” Beach on the 32-Mile Barrier Island

• Located within 1 Hour of Downtown Houston

• Located within 45 Minutes of Hobby Airport & 1.5 Hours from IAH

• Approximately 2 Miles from Galveston CBD, UTMB Hospital District, & The Historic Strand District

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additional details:

  • Most probable highest and best uses:

    • Mixed-Use Development

    • High Rise Condominium

    • High Rise Hotel

  • Potential to be ONLY hotel located directly on the beach in Galveston

  • Palisade Palms Condominiums current value approximately $455/sf

  • Close proximity to local businesses/attractions/restaurants/healthcare

  • Short drive from Houston CBD (approximately 1 hr)

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