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