Galveston Landmark Office
1902 Market Street Galveston, TX 77550
1902 Market Street, Galveston, TX, 77550
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For Sale
Contact for pricing
Historic 23-story office tower in Downtown Galveston.
Property Size395,182 SF
Price / SF$1.77
Days on Market71
Property Features for 1902 Market Street
General Information
- Standard status
- Active
- Size
- 395,182 SF
- Property subtype
- Office
Building Details
- Year Built
- 1971
Listing agency
Marcus & Millichap - Houston
Listed by
Keith Lloyd · License #TX 307120
Source
Crexi
Added: May 12 Updated: Jul 10 at 1:36PM Checked: Jul 20 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
One Moody Plaza is a 23-story, 395,182 square foot office tower located at 1902 Market Street in Downtown Galveston, Texas. Completed in 1972 and designed by Neuhaus & Taylor, the building was the tallest in Galveston County for over three decades, standing at 357.6 feet. Originally the headquarters of American National Insurance Company, the building has a deep institutional legacy in the Galveston market. In 2021, One Moody Plaza was listed on the National Register of Historic Places and designated a Recorded Texas Historic Landmark, potentially making it eligible for federal and state historic tax credit programs. The building is well-suited for lease-up, capital improvement, or adaptive repositioning. Galveston draws millions of visitors annually and supports a growing residential and commercial base, which points to sustained demand for quality office and mixed-use space in the downtown core. The City of Galveston’s Economic Development team is willing to assist prospective buyers with community information, major industry data, economic development resources, and buyer-specific questions related to the asset. The city anticipates nominating the property’s census tract for inclusion in the next Opportunity Zone program, with confirmation expected in 2026 and potential program effectiveness in 2027, subject to State acceptance.
Key Highlights
- Landmark 23‑story office tower (395,182 SF) in Downtown Galveston, offering significant scale and prominence.
- Dual historic recognition, potentially eligible for federal and state historic tax credits.
- Significant repositioning potential for lease‑up, capital improvement, or adaptive reuse strategies.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Historic 23-story office tower in Downtown Galveston.
Where is this office building located?
The property is located at 1902 Market Street Galveston, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Landmark 23‑story office tower (395,182 SF) in Downtown Galveston, offering significant scale and prominence.; Dual historic recognition, potentially eligible for federal and state historic tax credits.; Significant repositioning potential for lease‑up, capital improvement, or adaptive reuse strategies.
