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Packard Building 1123 N Main Ave 37,708 SF 100% Leased Office Building San Antonio, TX 78212 For Sale
Investment Highlights
- Multi-tenant 37,708 SF MOB
- Asset anchored in a premier downtown medical corridor
- C-3 zoning allows medical, office, or mixed-use redevelopment
- Walkable to Methodist Hospital Metropolitan and Baptist Medical Center
- 43% leased - fully medical
- Positioned within San Antonio’s high-growth urban corridor; Attractive basis relative to replacement cost
Executive Summary
Bradley Company is pleased to present the Packard Building, located at 1123 N. Main Avenue in San Antonio TX. The subject property is a 37,708 SF, multi-tenant medical office building, that was constructed in 1929. The building was renovated in 2004 and more recently, renovations/upgrades were made in 2016 to parts of both the first and second floors.
This listing offers an investor existing yield and solid medical tenants in place providing cash flow, for value-add or re-development opportunity given the active nearby growth and urban development. The building is currently 43% leased, by medical tenants including cardiovascular, nephrology, and physical therapy. This medical property has C-3 zoning which offers a wide range of medical/office or mixed use potential as the urban landscape continues to evolve.
This listing offers an investor existing yield and solid medical tenants in place providing cash flow, for value-add or re-development opportunity given the active nearby growth and urban development. The building is currently 43% leased, by medical tenants including cardiovascular, nephrology, and physical therapy. This medical property has C-3 zoning which offers a wide range of medical/office or mixed use potential as the urban landscape continues to evolve.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
37,708 SF
Building Class
B
Year Built/Renovated
1929/2004
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
18,854 SF
Slab To Slab
12’
Building FAR
0.78
Lot Size
1.11 AC
Zoning
C-3 - General Commercial District
Parking
131 Spaces (3.47 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Line
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Flexibility Healthcare
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Flexibility Healthcare | - | - | - | Lorem Ipsum | Jan 0000 |
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Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 00380-003-0150 | Improvements Assessment | $5,398,043 CAD |
| Land Assessment | $2,137,947 CAD | Total Assessment | $7,535,990 CAD |
Property Taxes
Parcel Number
00380-003-0150
Land Assessment
$2,137,947 CAD
Improvements Assessment
$5,398,043 CAD
Total Assessment
$7,535,990 CAD
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Packard Building | 1123 N Main Ave
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