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1601 Broadway St
Galveston, TX 77550 East End Historic District

$2,999,000 USD

Assisted Living For Sale • 6,500 SF

Property Details

Property Type Assisted Living
Total Building Size 6,500 SF
Lot Size 0.32 AC
Year Built 1980
Zoning Zoned for use

60 Walk Score

                
                    Highlights
                
                                9,204 SF purpose-built Type-B assisted living facility in a horseshoe configuration — two 3,208 SF resident wings flanking a 2,788 SF renovated 
                            
                                14 private resident rooms supporting 16-bed licensed care capacity
                            
                                2025 in-place revenue of $332,116 with a clear, definable path to stabilization
                            
                                Pro forma stabilized NOI of ~$320,918 (~32.5% margin), implying ~10.7% pro forma cap rate at the asking price
                            
                                Independent MAI appraisal support across three scenarios: $2.71M as-is, $3.01M upon completion, $3.05M stabilized
                            
                                Value-add upside: Type-B license obtained by buyer through HHSC application — experienced Texas operators may qualify for expedited fast-track review

Property Flyers

Autumn_Springs_Blind_Teaser

Amenities

Controlled Access
Wheelchair Accessible

Public Transportation

Airport	Drive	Walk	Distance
William P Hobby	58 min	-	41.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Covered
Included in Rent:	Yes

Robert Johnson 281-250-0188 Century 21 Olympian

1601 Broadway St Galveston, TX 77550 East End Historic District