425-427 S Saint Marys St 6,816 SF 100% Leased Retail Building San Antonio, TX 78205 For Sale

Co Broker is Mike Vasquez Virtus Realty. Please call for pricing information.
Subject property has strong economic potential but is currently under preforming. Subject is located on a charming tree lined block within the rapidly evolving downtown San Antonio area. It is centrally placed within a 1/2 mile radius of easy walking distance to the Alamo, Market Square, Tower Life Building, King William, San Antonio Riverwalk, Bexar County Courthouse, San Ferando Cathedral, Main Plaza and the highly anticipated Project Marvel.
The upcoming VIA Green Line should stop about 750 feet to the north of subject bringing increased local and visitor foot traffic and business opportunities to this site.
The neighboring Tower Life Building renovation anticipates 242 living units and 18,000 sf of retail space. In addition a nearby 5 acre tract currently owned by Silver Ventures (the developers of The Pearl complex) is now in it's planning stage and should yield another high quality project.
Economic spillover from Tower Life, urban core neighborhoods such as King William / Lavaca / South town / Government Hill and Tobin Hill, lower Broadway, UTSA and Cattleman's Square should amplify opportunity, value and use options for the subject property and surrounding area.
Applying smart exterior artistic concepts to the south wall will enhance your business brand and identity.
With approximately 90 feet of south wall facing for exposure, 6,800 SF of usable space on a slab foundation and a ceiling height of about 15 feet, subject property offers new owner versatility and a unique competitive marketing edge along with a realistic acquisition/rehab cost.
Creative updating brings immediate upside in equity, value and income opportunities for the new owner or occupants.
This structure is dual-use with a Tex-Mex restaurant operating on the north side and law offices on the south side - both are on MTM leases. 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 larger midsize bracket. Current C of O's are transferable to new occupants.
The HS RIO-3 D - zoning allows for exterior continuity and various uses.
The nearby Pearl and Lower Broadway developments dovetail easily into this general downtown environment due to the Broadway to The Alamo corridor and adds to the diverse and stable economics of this area.
The neighboring structural sizing and spacing offers visitors unobstructed blue sky long views and elbow room which tends to mitigate the typical downtown compression of heat, noise, exhaust and density adding to a very positive visitor experience to this area.
Subject property abuts a large parking lot and is across the street of another large lot. Both of these lots look to be owned by the same major developer. By closing off the lightly used bisecting street called Jack White both of these lots combined with the closed street indicates a strong probability of future ground up development.
Possible uses of subject property range from rebranding and reposition the existing restaurant, utilizing the existing kitchen for marketing or promotion for a sole office occupant, recreating the original vibe of Austin's 6th Street as live music venue, family oriented venue perhaps using the parking area for outdoor activities such as pickleball, a Mexican bakery or Panaderia / coffer shop, virtual law and professional offices to include lite food, coffee and beverage, hardware franchise, sea food (very popular) or perhaps a catering company. What ever the use is subject property is a text book example of a real estate investment capitalizing on the economic, creative and residential synergy in a vibrant area in downtown San Antonio Texas.