210-313-1000
425-427 S Saint Marys St, San Antonio, TX for Sale
Storefront Retail/Office - FOR SALE
1/39
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425-427 S Saint Marys St
San Antonio, TX 78205
La Villita


OVERVIEW

Co Broker is Mike Vasquez Virtus Realty. Please call for pricing information. Subject property is under preforming and located on a charming tree lined block within the rapidly evolving downtown San Antonio area. It is centrally placed inside a 1/2 mile radius of easy walking to the Alamo, Market Square, Tower Life Building, King William, San Antonio Riverwalk, Bexar County Courthouse, San Ferando Cathedral, Main Plaza, the highly anticipated Project Marvel and more. The upcoming VIA Green Line will stop about 750 feet to the north of subject bringing increased business traffic from local and out of town riders. The iconic Tower Life Building renovation includes plans for 242 living units and 18,000 sf of retail space. The economic spillover from Tower Life, King William, lower Broadway, UTSA, Cattleman's Square and Lavaca enhances economic opportunity, value and use options for the subject property. Applying smart visibility options / concepts to the south wall presents a valuable business identity. With approximately 6,800 SF of usable space on a slab foundation plus a ceiling height of about 15 feet, subject has versatility, strong upside and stability. Price reflects deferred maintenance. A new central A/C unit was recently installed. Smart updates should create immediate equity, value and income opportunities for the new owner / occupants. Building is multi-use with a Tex-Mex restaurant operating on the north side and law offices on the south side - both MTM. Each side has about 3,400 sf of "just right" space for small and mid-size use while the whole 6,800 is ideal for the midsize jump. Current C of O's are transferable to new occupants. D - zoning allows for various uses. The nearby Pearl / Lower Broadway developments dovetail easily into this downtown environment and adds to the diverse and stable inner city economic environment. Subject property abuts a large parking lot and is across the street of another large lot and by closing off the lightly used bisecting street called Jack White both of these lots which are owned by a major developer indicates a high probability of a future large ground up development. Highest and best use for subject property seems to be rehab as two separate uses, rebrand, reuse and reposition the existing restaurant. The current office and restaurant combo would bring stability, cash flow and building value. Planning for future development of those existing parking lots is needed in order to further capitalize on that probability along with taking advantage of the immediate opportunity from the Tower Life building.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

D RIO

APN/PARCEL ID

00986-000-0270

ASK ABOUT THIS PROPERTY

Bill BordelonVirtus Realty GroupMore Info
210-313-1000

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Bill BordelonVirtus Realty GroupMore Info
210-313-1000

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