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.