425 & 427 S. St. Mary’s Street is a true value-add play in the heart of downtown San Antonio. Totaling approximately 6,800 SF, this property offers irreplaceable location just steps from the River Walk, the Alamo, Market Square, and King William District—areas driving both foot traffic and long-term demand. The asset is currently configured with a restaurant and professional offices, providing income in place while leaving significant upside through repositioning and lease-up at market rents. With Downtown (D) zoning, investors have flexibility to adapt the site across multiple uses, creating strong optionality for future stabilization and yield growth. Additional value drivers include cosmetic upgrades, modernization, and incentives tied to its Opportunity Zone designation. Long-term fundamentals are further supported by the planned VIA Green Line transit corridor (2028), enhancing connectivity and foot traffic.