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$550,000
Est. payment /mo
6,421 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Active
Purchase Type For Sale
Square Footage 6,421 sqft
Price per Sqft $85
MLS Listing ID 1918831
Construction Status Wood,Brick,Stucco
Year Built 1960
Annual Tax Amount $7,418
Lot Size 7,361 Sqft
Property Sub-Type Commercial Improved Prop
Property Description
*Seller financing available for well-qualified Buyers: 25% down, 6% interest rate, 3-year balloon. Strategically located in the rapidly growing East San Antonio corridor, just minutes from Downtown San Antonio, the Pearl District, and Broadway, this 6,421-square-foot freestanding commercial property offers unparalleled potential for redevelopment or immediate investment. Zoned C-2, the property provides versatile use options, including commercial applications, mixed-use development, or the addition of up to four residential units. Property highlights include two off-street parking spaces at the front and a gated rear lot with a capacity for 8-10 vehicles. The top floor is vacant and partially converted into a residential loft featuring high ceilings, two full bathrooms, a spacious living area, a large closet, and washer/dryer connections. Reinstalling windows in the original openings could unveil stunning skyline views from your living room or office. Roof access is already in place, with the option to install an interior spiral staircase, offering the potential to add a rooftop terrace with breathtaking Downtown San Antonio views. The ground floor is currently leased below market rate to a related party, providing immediate cash flow with significant upside. Area industrial and flex properties lease for $9-$12/SF plus NNN. Pro forma projections at $9/SF yield $57,789 annually, equating to an 10.5% CAP rate at the current list price. Strategic upgrades could elevate potential rents to $18/SF, significantly enhancing returns. Improvements include a TPO roof (2021) and gated fencing (2023), enhancing both the property's value and functionality. Its prime location in a high-traffic area near some of San Antonio's most iconic districts ensures excellent visibility and access, making it highly attractive to tenants and end-users alike. This property offers a range of future development opportunities, from live/work lofts and ground-floor retail with private residences above to potential residential/commercial condo conversions. The existing rooftop access and the ability to create a rooftop terrace further align with the demand for modern, flexible spaces in this sought-after market. With its flexible zoning, recent capital improvements, and strong redevelopment potential, 1426 S. New Braunfels represents a rare opportunity to secure a high-performing asset in one of San Antonio's fastest-growing areas.
Location
State TX
County Bexar
Area 1200
Zoning C-2
Direction S
Interior
Heating Window Unit
Cooling Other
Exterior
Garage Spaces 10.0
Utilities Available Electricity, Water, Sewer
Amenities Available Exterior Lighting, Fenced Storage Yard, Living Area
Roof Type Flat
Building
Story 2
Foundation Slab
Level or Stories 2
Construction Status Wood,Brick,Stucco
Schools
School District San Antonio I.S.D.
Others
Acceptable Financing Cash, Conventional, 1st Seller Carry
Listing Terms Cash, Conventional, 1st Seller Carry
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Listed by Johnny Devora • Devora Realty • (512) 961-9084
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