2602-2608 N Main Ave - Storefront FOR SALE


San Antonio, TX 78212- Monte Vista
$1,800,000 USD
210-253-6035
2602-2608 N Main Ave, San Antonio, TX for Sale
$1,800,000 USD
Storefront - FOR SALE
1/7
null | 6.36% Cap Rate

2602-2608 N Main Ave
San Antonio, TX 78212
Monte Vista


HIGHLIGHTS

  • Corporate Guaranty with 100+ Years of Operation at this Location
  • Urban Infill, Trophy Location in the Heart of Monte Vista with Ample Parking
  • Hard-Corner Location in Desirable Trade Area
  • Value-Add or Owner-User Opportunity

OVERVIEW

CBRE Investment Properties has been exclusively retained to offer for sale 2602 N Main (the “Property”), an 8,000 square foot office building in the heart of the affluent neighborhood of Monte Vista in San Antonio, TX. Monte Vista is one of San Antonio’s oldest neighborhoods and is characterized by its distinguished architecture, historic buildings and proximity to downtown.2602 N Main is 73% occupied and anchored by Avita Pharmacy, which has over 65 locations nationwide and is backed by New York based private equity firm Kinderhook solutions who purchased the pharmacy in 2023. The location has been an operating pharmacy for over 100 years and was originally opened as Laurel Heights Pharmacy in 1923. With average in-place rents of $21.54 PSF and 2,150 sf of vacant space, the Property has value-add and owner-user potential. 2602 N Main has dominant real estate fundamentals in a highly desirable trade area while providing an investor immediate cash flow stability and significant long-term upside.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Laurel Heights

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Drug Store, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

CROSS STREETS

Mistletoe

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C-2

APN/PARCEL ID

01704-012-0140

ASK ABOUT THIS PROPERTY

210-253-6035

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210-253-6035

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