631, 635 & 641 Ashby Land FOR SALE


San Antonio, TX - Pearl21,488 SF
$1,500,000 USD
210-667-7110
, San Antonio, TX for Sale
$1,500,000 USD
Land - FOR SALE
1/1

631, 635 & 641 Ashby
San Antonio, TX
Pearl


HIGHLIGHTS

  • 71% occupied generating $6195/Mo. gross rent with potential to $8,615/month or more.
  • 0.493 total acres (21,490 SF) across three contiguous parcels on E Ashby Place.
  • Supports a straightforward rezoning path to MF-33 across the full assemblage.
  • Estimated redevelopment potential of approximately 14–15 multi-family units at full build-out under MF-33 zoning.
  • New apartment rents average $2.40 - $2.60/SF in the walkable footprint of Historic Pearl with higher premiums immediately adjacent.
  • Offered at $1,500,000 for the full three-parcel assemblage.

OVERVIEW

631, 635 & 641 Ashby Place present a rare 0.493-acre assemblage in San Antonio's Tobin Hill North neighborhood — offered at $1,500,000 for three contiguous parcels. The portfolio delivers in-place rental income of up to seven units today while positioning the site for future multi-family redevelopment along the growth corridor toward the Pearl District. Priced at the site's underlying land value, the offering provides in-place income while pursuing entitlement and redevelopment planning, where current rent effectively carries the asset at little to no premium over the land itself. The seller will not sell the parcels individually. Assembled together, the site offers a rezoning-ready path to significantly higher density than what exists today.

ASK ABOUT THIS PROPERTY

David AbrahamsBrowning Commercial Real EstateMore Info
210-667-7110

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David AbrahamsBrowning Commercial Real EstateMore Info
210-667-7110

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