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320 Moody Ave - Auction-Institutional Seller-553 Space Garage 187,200 SF Specialty Building Offered at $1,250,000 in Galveston, TX 77550
Investment Highlights
- STARTING BID $1,250,000 | Institutional Seller | 553 Space Parking Garage | 2021 Built | AUCTION JUNE 22-24
- Skybridge Connection to One Moody Plaza: Enclosed skybridge links the garage directly to the iconic One Moody Plaza office tower.
- Landscaped Plaza & Public Amenity Space: East-facing garden with walkways and benches adds activated streetscape on Market Street.
- 553-Space Downtown Galveston Garage: 6-story, 553-space garage opened in 2021 serves the core of Galveston's downtown CBD.
- Flood-Resilient Elevated Access Design: Skybridge provides above-grade access to One Moody Plaza, engineered to overcome chronic flooding.
- Rare Institutional-Grade Parking Asset: Built in 2021, the garage is a modern, purpose-built institutional asset.
Executive Summary
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.
Property Facts
| Price | $1,250,000 | Lot Size | 0.92 AC |
| Price Per SF | $6.68 | Building Size | 187,200 SF |
| Sale Type | Investment | No. Stories | 6 |
| Property Type | Specialty | Year Built | 2021 |
| Property Subtype | Parking Garage | Parking Ratio | 2.95/1,000 SF |
| Building Class | B | ||
| Zoning | CB | ||
| Price | $1,250,000 |
| Price Per SF | $6.68 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | B |
| Lot Size | 0.92 AC |
| Building Size | 187,200 SF |
| No. Stories | 6 |
| Year Built | 2021 |
| Parking Ratio | 2.95/1,000 SF |
| Zoning | CB |
1 1
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 3505-0560-0001-001 | Improvements Assessment | $676,140 |
| Land Assessment | $423,860 | Total Assessment | $1,100,000 |
Property Taxes
Parcel Number
3505-0560-0001-001
Land Assessment
$423,860
Improvements Assessment
$676,140
Total Assessment
$1,100,000
Contacts
-
Adam Sklaver -
Keith Lloyd -
Philip Kates -
Kyle Hynes -
Timothy Speck -
Marcus & Millichap
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320 Moody Ave - Auction-Institutional Seller-553 Space Garage
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