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$ 995,000
Est. payment /mo
New
2912 & 2914 Avenue R 1/2 Galveston, TX 77550
10,271 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Galveston Outlots
MLS Listing ID 50009291
HOA Y/N No
Annual Tax Amount $1,603
Tax Year 2025
Lot Size 10,271 Sqft
Acres 0.2358
Property Description
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.
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.
Location
State TX
County Galveston
Area East End
Interior
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Phone Not Available
View Y/N Yes
Water Access Desc Public
View Beach, Water
Building
Lot Description Cleared, Views
Sewer Public Sewer
Water Public
Schools
Elementary Schools Gisd Open Enroll
Middle Schools Gisd Open Enroll
High Schools Ball High School
School District 22 - Galveston
Others
Tax ID 3510-0139-1011-000
Listed by Keller Williams Houston Central Austin Jones