1123 N Main Ave - Medical FOR SALE


San Antonio, TX 78212- Tobin Hill
$4,950,000 USD
317-663-6000
1123 N Main Ave, San Antonio, TX for Sale
$4,950,000 USD
Medical - FOR SALE
1/3
null | 6.4% Cap Rate

1123 N Main Ave
San Antonio, TX 78212
Tobin Hill


HIGHLIGHTS

  • Multi-tenant 37,708 SF MOB
  • Walkable to Methodist Hospital Metropolitan and Baptist Medical Center
  • Asset anchored in a premier downtown medical corridor
  • 43% leased - fully medical
  • C-3 zoning allows medical, office, or mixed-use redevelopment
  • Positioned within San Antonio’s high-growth urban corridor; Attractive basis relative to replacement cost

OVERVIEW

Bradley Company is pleased to present the Packard Building, located at 1123 N. Main Avenue in San Antonio TX. The subject property is a 37,708 SF, multi-tenant medical office building, that was constructed in 1929. The building was renovated in 2004 and more recently, renovations/upgrades were made in 2016 to parts of both the first and second floors. This listing offers an investor existing yield and solid medical tenants in place providing cash flow, for value-add or re-development opportunity given the active nearby growth and urban development. The building is currently 43% leased, by medical tenants including cardiovascular, nephrology, and physical therapy. This medical property has C-3 zoning which offers a wide range of medical/office or mixed use potential as the urban landscape continues to evolve.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Packard Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C-3

APN/PARCEL ID

00380-003-0150

ASK ABOUT THIS PROPERTY

Ellen WeinsteinBradley CompanyMore Info
317-663-6000

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Ellen WeinsteinBradley CompanyMore Info
317-663-6000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.