2107 Seawall Blvd
Galveston, TX 77550
Balinese Pier Oceanfront · Terrain À vendre · 0,25 ha

FOR SALE is an oceanfront 27,000 square foot pad site, at the premier location of 21st Street and Seawall Blvd., in Galveston, Texas, with 140' of Seawall frontage. It is the site of the former Balinese Room Pier, a historic and legendary nightclub, restaurant and gambling casino that was the finest of its type in the Southwest throughout the 1940' s and 1950' s. Unfortunately, Hurricane Ike in 2008 completely destroyed the renovated historic pier, which had been in existence since the 1920' s. It is the only over-beach building site available on the Texas Gulf Coast, to our information and belief. At ABOUT $18/sf it is an excellent investment, both now and long-term. Potential uses include restaurants, nightclubs, museums, entertainment arcade, retail, offices, fishing pier, concert venue, etc., or a mixed-use development incorporating several concepts. For sale is a freely assignable lease with a 50-year term, expiring in 2060. The lease payments are nominal, and there are no property taxes. An oceanfront 27,000 square foot pad site, at the premier location of 21st Street and Seawall Blvd., in Galveston, Texas, with 140' of Seawall frontage.
The intersection of Seawall Blvd. at 21st Street is a superior crossroads for a restaurant, retail, nightclub and/or entertainment complex, with its proximity to Stewart Beach, Porretto Beach, Murdoch' s Pier (directly adjacent), the Galvez Hotel and the Landry' s Corporation holdings (including the Pleasure Pier, Fishtails restaurant, extensive parking and other projects in development.)
Attached below is a complete set of plans for an ambitious rebuild of the pier. The photo section included CG renderings of the proposed project. INVESTORS ARE BEING ACTIVELY SOUGHT. Current owner will contribute property, local knowledge and experience, historic knowledge and construction and design expertise to an appropriately funded investment or development group.