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Packard Building 1123 N Main Ave 37,708 SF 100% Leased Office Building San Antonio, TX 78212 $7,468,172 CAD ($198.05 CAD/SF)
INVESTMENT HIGHLIGHTS
- Near Recently Approved $160 Million Baseball Stadium
- BENEFIT FROM BEING LOCATED IN A HUBZONE TO SUPPORT GROWTH AND DEVELOPMENT OPPORTUNITIES.
- CONVENIENTLY LOCATED NEAR ALL CBD AMENITIES, MAJOR HOSPITAL SYSTEMS, AND HIGHWAY NETWORKS, INCLUDING IH-35, HIGHWAY 281, IH-37, AND IH-10.
EXECUTIVE SUMMARY
Just blocks from Methodist Hospital and Baptist Medical Center, and surrounded by more than $1 billion in nearby planned and ongoing development, this ±37,708 SF asset offers immediate functionality and significant long-term upside in one of Texas’s most active healthcare and redevelopment corridors.
The building sits on ±1.10 acres with 131 on-site parking spaces—a rare urban amenity—and is configured for clinical/medical use. It was extensively remodeled in 2004 and further upgraded in 2016, with C-3 zoning allowing for a wide range of medical, office, or mixed-use strategies. Its mostly vacant status allows for immediate activation with no legacy lease constraints.
Positioned within San Antonio’s Tobin Hill/Pearl District, 1123 N Main is steps from the $446 million VIA Rapid Transit Green Line, and within close proximity to major urban projects including the $160M Missions Ballpark Redevelopment, $300M Museum Reach Mixed-Use Project, and the proposed $1B San Antonio Spurs Downtown Arena and Entertainment District.
With a prime location, zoning flexibility, and direct access to infrastructure, hospitals, and institutional investment, this property represents a rare blank canvas—ideal for re-tenanting, adaptive reuse, or ground-up redevelopment in a high-growth submarket.
PROPERTY FACTS
AMENITIES
- Atrium
- Signage
MAJOR TENANTS
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ATI Physical Therapy is a publicly traded provider of outpatient rehabilitation services with a clinic in Lexington, Massachusetts. Founded in 1996, ATI has grown into one of the largest single-branded physical therapy providers in the United States, operating hundreds of clinics nationwide. The Lexington location offers comprehensive physical therapy services, including manual therapy, therapeutic exercise, sports medicine, and workers’ compensation rehabilitation. ATI emphasizes evidence-based treatment plans tailored to individual needs and provides both in-clinic and virtual care options. The company is headquartered in Downers Grove, Illinois, and trades on NASDAQ under the ticker symbol ATIP. ATI’s growth has been supported by its commitment to research-driven care and specialty programs such as concussion therapy, hand therapy, and women’s health.
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The Cardiovascular Associates of San Antonio provide a wide range of diagnostic services in their office locations and also perform advanced interventional procedures using the latest techniques at the following hospitals: Downtown Baptist Hospital, Metropolitan Methodist Hospital, Christus Santa Rosa Westover Hills Hospital, and St. Lukes Baptist Hospital. They work closely your primary care physician and other specialists to provide seamless continuity of care. Call them today for any questions and they look forward to seeing you.
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DaVita is a leading provider of kidney care services headquartered in Denver, Colorado. Founded in 1994, the company operates a nationwide network of outpatient dialysis centers and offers integrated care for patients with chronic kidney disease and end-stage renal disease. The Girard Estates Dialysis center in Philadelphia provides in-center hemodialysis and related clinical support. DaVita serves approximately 240,000 patients globally and is listed on the New York Stock Exchange under the ticker symbol DVA. The organization emphasizes clinical quality and innovation in dialysis treatment and participates in Medicare and Medicaid programs.
- Flexibility Healthcare
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Renal Associates is one of the largest nephrology and kidney specialist groups in South Texas. With their experienced kidney specialists, multiple clinics and dialysis centers across San Antonio and South Texas, one will never be far from trusted care.
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PROPERTY TAXES
| Parcel Number | 00380-003-0150 | Improvements Assessment | $5,532,543 CAD |
| Land Assessment | $2,191,217 CAD | Total Assessment | $7,723,760 CAD |
PROPERTY TAXES
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Packard Building | 1123 N Main Ave
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