For Auction
Institutional Seller | 553 Space Parking Garage | 2021 Built
Galveston, TX 77550Represented by
Marcus & Millichap
Asset Snapshot
Offering Summary
Investment Highlights
- 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.
Offering Summary
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.One Moody Plaza, the adjacent 23-story offfice tower, is also available for purchase via auction. Please see the link here for additional information: One Moody Plaza
Property Tours
Property tours are available by appointment only on Tuesday, June 16, 2026, at 10:30 AM. Please reach out to Keith Lloyd (Keith.Lloyd@marcusmillichap.com | 713-927-4546) to schedule.Due Diligence
Transaction Managers
Platform Fee
Buyer pays platform fee at closing.
5% or $25,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
