Share This Listing

Message

940 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Main Plaza Apartments 126 E Main Plz 50 Unit Apartment Building $11,167,360 CAD ($223,347 CAD/Unit) San Antonio, TX 78205

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Value add in excellent location on the Riverwalk front with beautiful views of Downtown
  • Terrace overlooking the river on the third and fifth floor.
  • 13,280 sf Retail space 100% occupied plus cell tower income
  • Zoned DH (Downtown District Historic District and Landmarks) HS (Historic Significant) RIO-3 (River Improvement Overlay).
  • 48 units plus 2 penthouses with a variety of floor plans.
  • 11,000 sf Basement available for lease or owner occupant. Current finish out for general office.

EXECUTIVE SUMMARY

Overlooking the Riverwalk in the historic Main Plaza in downtown San Antonio, Texas, the Morris Hotel & Apartments sits
across the street from the Bexar County Courthouse, San Fernando Cathedral and a few steps from the Spanish Governor
Plaza. Built in the early 1900s with fireproof construction consisting of unreinforced masonry, brick curtain walls, concrete
floors, metal lath and plaster walls, the building was converted into apartments in the 1950s to include a total of 50
residential units, 11000 sf of commercial space on the ground level and about 7000 sf of fully finished out basement.
Right in the epicenter of San Antonio's Downtown, building is about 1/2 a mile of The Alamo, Convention Center,
Hemisfair park, and marvel Project to the East, about 1/2 to the UTSA Downtown to the West and equal distance to the
Mission Ball Park to the North and the historic King William neighborhood to the South.
The basement is currently finish out for general office and is available for owner occupant or new tenant.
"Priced well below tax assessment value"

PROPERTY FACTS

Price $11,167,360 CAD
Price Per Unit $223,347 CAD
Sale Type Investment or Owner User
Sale Condition 1031 Exchange
No. Units 50
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 0.28 AC
Building Size 54,662 SF
No. Stories 5
Year Built/Renovated 1920/1950
Opportunity Zone Yes
Zoning DH - Downtown Historical

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Storage Space
  • Wi-Fi
  • Basement
  • Office

SITE AMENITIES

  • 24 Hour Access
  • On-Site Retail
  • Storage Space
  • Conference Rooms
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00118-001-0010
Land Assessment
$12,445,278 CAD
Improvements Assessment
$245,712 CAD
Total Assessment
$12,690,990 CAD
  • Listing ID: 31749762

  • Date on Market: 2024-05-09

  • Last Updated:

  • Address: 126 E Main Plz, San Antonio, TX 78205

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}