2100 Market St - Parking Lots & Garages FOR SALE


Galveston, TX 77550- Downtown Galveston
$10,250,000 USD
409-761-4110
2100 Market St, Galveston, TX for Sale
$10,250,000 USD
Parking Lots & Garages - FOR SALE
1/9
null | Request Cap Rate

2100 Market St
Galveston, TX 77550
Downtown Galveston


HIGHLIGHTS

  • Ppublic parking garage in Downtown Galveston
  • Under third-party, professional management

OVERVIEW

Rare opportunity to acquire a public parking garage serving downtown Galveston’s Historic Central Business District. This strategically located asset contains 603 parking stalls and provides essential infrastructure within one of the island’s most active commercial, tourism, and entertainment districts. In addition to the parking garage, the offering includes adjacent surface parking in the North Plaza parking area. Together, these assets provide multiple revenue streams and future operational flexibility in a market where parking availability remains a valuable and limited resource. The property is professionally managed by a third-party parking management company and has benefited from recent capital improvements, including a complete conversion to energy-efficient LED lighting and installation of security cameras. An existing lease with Verizon Business for rooftop telecommunications equipment provides additional income and enhances the property's revenue profile. With established operations, strong downtown positioning, diversified income sources, and significant barriers to entry for competing facilities, this offering presents a compelling investment opportunity for buyers seeking stable cash flow and long-term value appreciation in Galveston’s historic urban core.

FOR SALE DETAILS

PRICE

$10,250,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2100 Market Street Garage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

-

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

603

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Keisha HeckMitchell Historic PropertiesMore Info
409-761-4110

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Keisha HeckMitchell Historic PropertiesMore Info
409-761-4110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.