2100 Market St - 2100 Market Street Garage 192,935 SF Specialty Building Offered at $14,306,642 CAD in Galveston, TX 77550

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.