1426 NEW BRAUNFELS AVE, San Antonio, TX 78210-2249 - MLS#1826551

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Colbey Pfund

info@atxunlocked.com +1(310) 433-6017

$725,000

Est. payment - /mo

6,421 SqFt

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UPDATED:

12/13/2024 08:07 AM

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Active

Purchase Type For Sale

Square Footage 6,421 sqft

Price per Sqft $112

MLS Listing ID 1826551

Construction Status Wood,Brick,Stucco

Year Built 1960

Annual Tax Amount $7,418

Lot Size 7,361 Sqft

Property Description

Introducing 1426 S. New Braunfels: 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 presents unparalleled potential for redevelopment or immediate investment. Zoned C-2, the property offers 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 capacity for 8-10 vehicles. The top floor is vacant and has been partially converted into a residential loft featuring high ceilings, two full bathrooms, a spacious living area, a large closet, and washer/dryer connections. Re-install windows in original openings to unveil skyline views from your living room/office. Roof access is already in place, with the option to install an interior spiral staircase, providing an opportunity to add a rooftop terrace with stunning Downtown San Antonio views. The ground floor is currently leased below market rate to a related party, offering immediate cash flow with significant upside. Area industrial and flex properties lease for $9-$12/SF plus NNN, with pro forma projections at $9/SF yielding $57,789 annually. Strategic upgrades could elevate potential rents to $18/SF, significantly enhancing returns. The property has been recently improved with a new TPO roof (2021) and gated fencing (2023), adding to its 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 attractive to both tenants and end-users. This property offers a range of future development opportunities, from live/work lofts and ground-floor retail with private residences above to a potential residential/commercial condo conversion. The existing rooftop access and the ability to create a rooftop terrace further align with 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.

Location

State TX

County Bexar

Area 1200

Zoning C-2

Direction S

Interior

Heating Window Unit

Cooling Other

Exterior

Garage Spaces 10.0

Utilities Available Electricity, Water, Sewer

Amenities Available Exterior Lighting, Fenced Storage Yard, Living Area

Roof Type Flat

Building

Story 2

Foundation Slab

Level or Stories 2

Construction Status Wood,Brick,Stucco

Schools

School District San Antonio I.S.D.

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Johnny Devora • Devora Realty • (512) 961-9084

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Colbey Pfund

+1(310) 433-6017

Realtor | License ID: 741291

Realtor License ID: 741291

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