425 -427 St Marys, San Antonio, TX 78205
425 -427 St Marys, San Antonio, TX 78205
425 -427 St Marys, San Antonio, TX 78205
425 -427 St Marys, San Antonio, TX 78205
425 -427 St Marys, San Antonio, TX 78205
425 -427 St Marys, San Antonio, TX 78205
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John Nelson

John Nelson

+1(210) 870-7340
$ 1,825,000
Est. payment | /mo

6,800 SqFt

Save
$ 1,825,000
Est. payment | /mo
Save

6,800 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Active

Purchase Type For Sale

Square Footage 6,800 sqft

Price per Sqft $268

MLS Listing ID 1908861

Construction Status Brick

Year Built 1952

Annual Tax Amount $15,799

Lot Size 4,007 Sqft

Property Sub-Type Commercial Improved Prop

Property Description

Co Broker is Mike Vasquez Virtus Realty. Subject property is 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 and Lavaca enhances opportunity, value and use options for the subject property. Applying smart visibility options / concepts to the south wall creates 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. 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 Pearl and Lower Broadway developments, project Marvel, Tower Life development, The Alamo redevelopment and the repurposing of existing buildings new life and opportunity is flowing into this area setting up ideal ground floor opportunities for investment or end users.

Location

State TX

County Bexar

Area 1100

Zoning D

Direction S

Interior

Heating Central

Cooling Central

Exterior

Garage Spaces 9.0

Utilities Available Electricity, Gas, Water, Telephone, Sewer

Amenities Available Not Applicable/None

Roof Type Flat,Other

Building

Story 1

Level or Stories 1

Construction Status Brick

Schools

School District San Antonio I.S.D.

Others

Acceptable Financing Cash, Other

Listing Terms Cash, Other

LERA MLS - Local Expertise Regional Access / SABOR
Listed by Bill Bordelon • Bill Bordelon Real Estate Services • (210) 313-1000

NEARBY SCHOOLS & PROPERTIES

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John Nelson
John Nelson

Broker Associate | License ID: 600636

+1(210) 870-7340

14439 NW Military Hwy Suite 108-478, Antonio, TX, 78231, United States

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425 -427 St Marys