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32470076
32470077

320 Moody Avenue, Galveston, TX 77550

KL
TX TX 307120
Marcus & Millichap - Houston
PK
FL 3235872
Marcus & Millichap - Fort Lauderdale
AS
FL 3429070, GA
Marcus & Millichap - Fort Lauderdale
KH
MA License: 9537549
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Houston, Marcus & Millichap - Fort Lauderdale
$1,250,000
26 days on market
Updated 26 days ago

Auction-Institutional Seller | 553 Space Parking Garage

Details
APN 742962
Property Type Special Purpose
Sub Type Garage/Parking
Square Footage 187,200
Tenancy Vacant
Class A
Year Built 2021
Buildings 1
Stories 6
Acreage 0.920
Zoning Commercial (C)
Parking Spaces 553 spaces
Parking Per SqFt 2.95
Investment Type Institutional
Ground Lease No
Ownership Fee Simple

STARTING BID $1,250,000 | Institutional Seller | 553 Space Parking Garage | AUCTION JUNE 22-24

Marketing description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

RealINSIGHT Marketplace, in partnership with Marcus & Millichap, is pleased to present 320 Moody Avenue, a 6-story, 553-space institutional-grade parking garage on 0.92 acres in the heart of Downtown Galveston, Texas. Completed in 2021 and built by Gilbane Building Company, the garage was purpose-built to serve the adjacent One Moody Plaza office tower, connected directly via an enclosed pedestrian skybridge engineered to provide above-grade, weather-protected access across Galveston's flood-prone downtown streets. Of the 553 total spaces, 10 are ADA-accessible and 2 are van-accessible. The property also features a professionally landscaped garden with walkways and benches along the eastern elevation, adding street-level activation along Market Street. For an investor or operator, this is a modern, well-located parking facility in a market that consistently generates demand. Galveston draws millions of visitors annually to its cruise terminals, historic Strand District, and waterfront attractions — keeping downtown parking utilization strong year-round.

Investment highlights

  • STARTING BID $1,250,000 | Institutional Seller | 553 Space Parking Garage | 2021 Built | AUCTION JUNE 22-24
  • 553-Space Downtown Galveston Garage: 6-story, 553-space garage opened in 2021 serves the core of Galveston's downtown CBD.
  • Skybridge Connection to One Moody Plaza: Enclosed skybridge links the garage directly to the iconic One Moody Plaza office tower.
  • Flood-Resilient Elevated Access Design: Skybridge provides above-grade access to One Moody Plaza, engineered to overcome chronic flooding.
  • Landscaped Plaza & Public Amenity Space: East-facing garden with walkways and benches adds activated streetscape on Market Street.
  • Rare Institutional-Grade Parking Asset: Built in 2021, the garage is a modern, purpose-built institutional asset.

Listing Contacts

KL
TX TX 307120
Marcus & Millichap - Houston
PK
FL 3235872
Marcus & Millichap - Fort Lauderdale
AS
FL 3429070, GA
Marcus & Millichap - Fort Lauderdale
KH
MA License: 9537549
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Houston, Marcus & Millichap - Fort Lauderdale

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Additional Information

Name
Tim A. Speck
License
432723
Title
Broker of Record
Name
Keith Lloyd
License
TX 307120
Brokerage
Marcus & Millichap
Brokerage Phone
713-452-4243
Brokerage Address
3 Riverway Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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