320 Moody Ave - Parking Lots & Garages FOR SALE


Galveston, TX 77550- Downtown Galveston
$1,250,000 USD
301-706-4619
320 Moody Ave, Galveston, TX for Sale
$1,250,000 USD
Parking Lots & Garages - FOR SALE
1/15
null | Request Cap Rate

320 Moody Ave
Galveston, TX 77550
Downtown Galveston


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$7 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction-Institutional Seller-553 Space Garage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

553

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CB

APN/PARCEL ID

3505-0560-0004-001

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

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