6444 Central City Blvd - 6444 Central City: Tideway Assisted Living 28,961 SF Health Care Building Offered at $10,037,625 CAD in Galveston, TX 77551

Tideway Assisted Living Facility in Galveston, TX, is a +/-28,961 SF facility with room for expansion located on 3.5 acres next to Galveston Beach. The existing business is a fully-operational licensed 32 beds facility with additional beds possible via repurpose opportunity the dormant therapy & aquatic wing. Existing quad style living quarters, activity & great rooms with high ceilings throughout, professional staff offices, commercial kitchen, rear yard with walking trail, water views, and community garden make this a peaceful retirement facility. The remaining +/- 1.5 acre Pad Site is a perfect land development opportunity for a ‘Continuum of Care’ expansion project such as independent living, assisted living, memory care, and skilled nursing allowing for residents to transition to different levels of care. Alternative pad site uses include retail, restaurant, condominium, multi-family units and/or other.?
Location: Galveston is a coastal resort city and port off the Southeast Texas coast on Galveston Island. Primary beach for Houston, TX. Short distance from the beach and local attractions such as The Seawall, The Strand, Moody Gardens & Schlitterbahn Waterpark, Pleasure Pier. University of Texas Medical Branch (UTMB) at Galveston. Much of Galveston's economy is centered in the tourism, health care, shipping, and financial industries. The 84-acre University of Texas Medical Branch campus with an enrollment of more than 2,500 students is a major economic force of the city.

Additional information: https://myalfconsultant.com/places/galveston-32-bed-texas-assisted-living-for-sale/
The Moody Neurorehabilitation Institute at Tideway, formerly known as the Transitional Learning Center, a Type B assisted living facility owned by the Moody Neurorehabilitation Institute (https://www.moodyneuro.org/), is a purpose-built facility for long-term care of individuals with traumatic brain injuries (TBI), located minutes from the University of Texas Medical Branch (UTMB) in Galveston Island. Constructed in 2003 to extend Moody’s mission of TBI rehabilitation, this 28,961-square-foot facility on 3.5 acres of coastal real estate, one block from the beach, is equipped to provide 24-hour specialized care unmatched by most facilities in Texas or the region, serving residents from as far as New Mexico and Louisiana.
Licensed for 32 beds, it currently operates at 69% occupancy with 22 residents who require assistance with daily activities and supervision for cognitive or behavioral challenges, relying on referrals from Moody’s short-term rehab program without external marketing. By implementing a marketing strategy targeting TBI caseworkers across Texas, new owners could increase occupancy, tapping into the demand for such specialized care. As part of the sale, Moody offers training and guidance to help the buyer build relationships with TBI caseworkers and navigate the network of referral sources. For operators maintaining Moody’s care standards, the Institute could continue to serve as a referral source for residents needing long-term care.
The facility features 24 individual units and 15 bathrooms across four pods, each with six rooms, a living room, and a dining area, designed for person-centered care to create a home-like environment. About one-third of the building, including an indoor pool used for physical therapy and additional office space, remains underutilized, offering opportunities to enhance services or revenue. The 3.5-acre lot, with over one acre available for development, supports potential expansion into independent or assisted living units, complemented by 49 existing parking spaces.
The operational staff, aware of the sale, intends to remain, supporting a transition, though $260,000 is reserved to replace corporate-level roles. Financially, the facility is on pace for $3,936,466 in gross revenue for 2025 based on seven months of data, with cashflow potential through optimized scheduling and expense management. Its coastal location, proximity to UTMB, and Galveston’s appeal as a healthcare and retirement destination add to its marketability.
This opportunity offers operators a business with a foundation, growth potential through increased occupancy and development, and the flexibility to adapt for hospice, rehabilitation, adult daycare, or other congregate living models.

***In addition to '6444 Central City Blvd.' TideWay Neuro Care (existing senior care facility), this Owner has listed their vacant former +/- 45,939 SF Post Office Campus location for sale (Asking: $5,000,000). That property is located at '1528 Post Office Street, Galveston, TX, 77551.' It was a licensed 32-bed facility with dormitory style rooms, administrative offices, commercial kitchen, and gymnasium. That mixed use property is well suited for senior care, transitional living, student housing, an artist colony, school, recreation facility, and/or other as it encompasses an entire city block on 1.79 acres in the historic district near The Strand, on Post Office & 16th Street. The Post Office property is currently vacant.