1426 New Braunfels Ave S, San Antonio, TX 78210
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Priced at Only: $699,000
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Address: 1426 New Braunfels Ave S, San Antonio, TX 78210
Property Location and Similar Properties
- MLS#: 1826551 ( Commercial Improved Prop )
- Street Address: 1426 New Braunfels Ave S
- Viewed: 3
- Price: $699,000
- Price sqft: $109
- Waterfront: No
- Year Built: 1960
- Bldg sqft: 6421
- Days On Market: 37
- Additional Information
- County: BEXAR
- City: San Antonio
- Zipcode: 78210
- District: San Antonio I.S.D.
- Provided by: Devora Realty
- Contact: Johnny Devora
- (512) 961-9084
- DMCA Notice
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DescriptionIntroducing 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 8.3% 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.
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Features
Building and Construction
- Apartment Sqft: 955
- Apprx Age: 65
- Buildingcenter Name: THE LODGE
- Ceiling Height: 11
- Construction: Wood, Brick, Stucco
- Foundation: Slab
- Net Leasable Area: 6421
- Other Sqft: 5466
- Roof: Flat
Land Information
- Lot Description: City View
School Information
- School District: San Antonio I.S.D.
- School Tax: 3965.53
Garage and Parking
- Num Total Parking: 10
Utilities
- Air Conditioning: Other
- Heating: Window Unit
- Rail Service: No
- Utilities: Electricity, Water, Sewer
- Utility Supplier Elec: CPS
- Utility Supplier Sewer: SAWS
- Utility Supplier Water: SAWS
Amenities
- Amenities: Exterior Lighting, Fenced Storage Yard, Living Area
Finance and Tax Information
- Available W Lease: No
- Days On Market: 36
- Other Tax: 966.02
- Total Tax: 7418.03
Other Features
- Contract: Exclusive Right To Sell
- Flood Plain: None
- Instdir: I-35 S to San Antonio. Take exit 576 from I-10 W/US-90 W. Take exit 576 for Gevers St toward New Braunfels Ave. Turn right on onto S. New Braunfels Ave. Destination will be on the right
- Legal Description: NCB 1620 BLK 21 LOT N 49 FT OF 27 THRU 32
- Loading Facilities: None
- Ph To Show: 512-961-9084
- Restrictions: Historical
- Sale Includes: Buildings, Land
- Zoning: C-2
Owner Information
- Owner Lrealreb: No
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