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

Please call Bill at 210-313-1000 for pricing information, owner financing terms and options or for a walking tour of this property and area.
Subject property has strong economic potential but is currently under preforming. It is located on a charming tree lined block within the rapidly evolving downtown San Antonio area and is just steps from the River Walk.
Subject property is centrally located within a densely populated 1/2 mile radius of very easy walking to numerous hotels, apartments and condos, the Alamo, Market Square, Tower Life Building, King William, San Antonio Riverwalk, Bexar County Courthouse, San Ferando Cathedral, Christus Children's Hospital, Main Plaza, La Villita, HEB So Flo Market and the highly anticipated Project Marvel. Neighborhood population density and business opportunity is further increased by the upcoming VIA Green Line which anticipates a platform stop about 750 feet to the north of subject property.
As current projects mature and newer ones come on line this area will continue to experience and retain strong growth.
Abutting neighborhood home values and market demand trends are very good with stable MLS 24 month data showing median psf @$274.36 / 124 days on market. Strong mix of mid to higher income households, good mix of ages and family size. Neighborhood and near by schools are solid but public high schools tend to lag. Nearby private schools are very solid and will benefit from new Texas grant program. Abutting neighborhood boundaries used are about 1.25 miles N to NE , 1.5 miles S to SE and 3/4 mile West from subject property.
The neighboring Tower Life Building renovation should have 242 living units and 18,000 sf of retail space. In addition a nearby 5 acre tract off S Alamo 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 will also amplifies economic and social opportunity, value and use options for the subject and surrounding properties.
Capitalizing on the unobstructed north to north east views of the south wall on this property the new ownership /occupants will "billboard and visually brand" their business.
Creative midrange updating to a +B standard brings immediate upside in equity, value and income opportunities for the new owner or occupants.
This 6,800 SF property sits on a slab foundation and has a ceiling height of about 15 feet. Currently this is a dual-use property 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 SF is ideally suited for larger conversion. Per COSA the existing C of O's are transferable to new occupants. The HS RIO-3 D - zoning allows for exterior continuity and numerous business uses. There is very good street frontage across from the Mexican Embassy.
The nearby Pearl and Lower Broadway developments also dovetails easily into this general downtown environment.
The neighboring structural sizing and spacing offers refreshing breezes, neighborhood ambiance and unobstructed blue sky long views to the east, south and west.
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 converting the lightly used bisecting street named Jack White into green space both of these lots indicates a strong probability of future ground up development.
Subject property is a text book example of an affordable real estate investment capitalizing on the strong economics of a creative, diverse and vibrant area of downtown San Antonio Texas.