MLS# 1826551 - 1426 S New Braunfels Ave, San Antonio, TX 78210
Courtesy of Devora Realty, Johnny Devora (512) 961-9084
Status:
Active
Property Type:
Multi-use
Year Built:
1960
Days On Website:
127
Property Details for 1426 S New Braunfels Ave, San Antonio, TX 78210
Description
*Seller financing available. Introducing 1426 S. New Braunfels: An Exceptional Commercial Investment Opportunity Strategically located in the rapidly growing East San Antonio corridor, just minutes from Downtown San Antonio, the Pearl District, and Broadway, this 6,421-square-foot freestanding commercial property offers unparalleled potential for redevelopment or immediate investment. Zoned C-2, the property provides versatile use options, including commercial applications, mixed-use development, or the addition of up to four residential units. Property highlights include two off-street parking spaces at the front and a gated rear lot with a capacity for 8-10 vehicles. The top floor is vacant and partially converted into a residential loft featuring high ceilings, two full bathrooms, a spacious living area, a large closet, and washer/dryer connections. Reinstalling windows in the original openings could unveil stunning skyline views from your living room or office. Roof access is already in place, with the option to install an interior spiral staircase, offering the potential to add a rooftop terrace with breathtaking Downtown San Antonio views. The ground floor is currently leased below market rate to a related party, providing immediate cash flow with significant upside. Area industrial and flex properties lease for $9-$12/SF plus NNN. Pro forma projections at $9/SF yield $57,789 annually, equating to an 8.8% CAP rate at the current list price. Strategic upgrades could elevate potential rents to $18/SF, significantly enhancing returns. Recent improvements include a new TPO roof (2021) and gated fencing (2023), enhancing both the property's value and functionality. Its prime location in a high-traffic area near some of San Antonio's most iconic districts ensures excellent visibility and access, making it highly attractive to tenants and end-users alike. This property offers a range of future development opportunities, from live/work lofts and ground-floor retail with private residences above to potential residential/commercial condo conversions. The existing rooftop access and the ability to create a rooftop terrace further align with the demand for modern, flexible spaces in this sought-after market. With its flexible zoning, recent capital improvements, and strong redevelopment potential, 1426 S. New Braunfels represents a rare opportunity to secure a high-performing asset in one of San Antonio's fastest-growing areas.
Open House
Features
Listing
- Listing date: 2024-12-02 06:00:00
- 126 days on market
- 126 cumulative days on market
- $103 per square foot
Location
- County: Bexar
- Area: 1200
Building
- Apartment is 955 square feet
- Built in 1960
- Approximate age: 65
- Building/center name: THE LODGE
- Wood
- Brick
- Stucco
- 6,421 square feet
- 5,466 other square feet
- 2 stories
- 1 building
Foundation
- Slab
Roof
- Flat
Amenities
- Exterior Lighting
- Fenced Storage Yard
- Living Area
Interior Features
- Ceiling height: 11
Cooling
- Other
Heating
- Window Unit
Lot
- Lot size: 0.169
Property
- Zoning: C-2
Schools
- School district: San Antonio I.S.D.
Miscellaneous
- Net leasable area: 6421
- Monthly lease: $1,500
- None
- None
- No
- Historical
- 2 rentals
- 10 parking spaces
- 2 units
- Other tax: 966.02
Taxes
- Total tax: $7,418
- City tax: $1,646
- County tax: $840
- $3,966 school tax
- Property Tax ID: 016200210270
Utilities
- Electric utility supplier: CPS
- Water utility supplier: SAWS
- Sewer utility supplier: SAWS
- Electricity
- Water
- Sewer
Property Map
Map View
$659,000 - 1426 S New Braunfels Ave, San Antonio, TX 78210
Street View
Directions
1426 S New Braunfels Ave
San Antonio, TX 78210
County: Bexar