Rare opportunity to own a turnkey, income-producing parking asset in the heart of downtown Galveston. This 0.12-acre surface lot at 2028 Mechanic Street has 18 striped parking spaces and an automated pay system already in place, so it is ready for immediate operation with minimal management. The lot sits in one of the island’s busiest pedestrian and vehicle corridors, with high visibility and steady demand from the Historic Strand District, downtown offices, restaurants, nightlife, and the nearby Port of Galveston cruise terminals. Downtown parking is limited and in consistently high demand from visitors, cruise passengers, and the local workforce, which makes this a dependable cash-flow investment. The site also offers long-term flexibility. Opportunities to acquire well-located downtown land are increasingly rare, making this an ideal acquisition for investors, parking operators, and landholders looking for a low-maintenance asset with upside.
parkerspeer@speercompanies.com
