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$ 1,825,000
Est. payment /mo
Active
425 -427 St Marys San Antonio, TX 78205
6,800 SqFt
UPDATED:
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
Listed by Bill Bordelon • Bill Bordelon Real Estate Services • (210) 313-1000
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