2912 & 2914 Avenue R 1/2, Galveston, TX 77550

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2912 & 2914 Avenue R 1/2,Galveston, TX 77550
$995,000
  • 0.24 Acres
  • Lots / Land
  • Active
Listed by: austin jones
Office: keller williams houston central
MLS#:50009291
Source:HARMLS

Price summary

  • Price:$995,000

About this home

A brand-new food truck facility spanning two adjacent lots at 2912 & 2914 Avenue R 1/2, Galveston, TX. Just opened in November 2025, this turnkey commercial investment is fully built out and ready to generate strong, predictable income. Property Highlights Two side-by-side lots Up to 5 food trucks per lot – 10 total Zoning: HDDZ-Comm All utilities in place: Electric, water, and sewer / Newly developed facility with modern infrastructure / Ideal location for Galveston’s growing food truck and tourism market Pro Forma Financials Rental Income: $1,500 per truck x 10 = $15,000/month Estimated Expenses: $3,000/month (electricity, water & sewer) Net Operating Income: $12,000/month Annual NOI: $144,000 Pro Forma Cap Rate: 14.5% This is a rare opportunity to acquire a newly opened, high-cap-rate commercial asset in a strong coastal market with built-in demand and scalability. Perfect for investors seeking cash flow, minimal deferred maintenance, and long-term upside.

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Home facts

  • Listing ID #:50009291
  • Updated:December 24, 2025 at 12:51 PM

Structure and exterior

  • Lot area:0.24 Acres

Schools

  • High school:BALL HIGH SCHOOL
  • Middle school:GISD OPEN ENROLL
  • Elementary school:GISD OPEN ENROLL

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$995,000
  • Tax amount:$1,603 (2025)
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