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Abel Anguiano

abel.anguiano@engelvoelkers.com +1(210) 393-1978

$ 699,000

Est. payment -/mo

Save

Price Dropped by $26K

1426 NEW BRAUNFELS AVE San Antonio, TX 78210-2249

6,421 SqFt

UPDATED:

01/07/2025 05:42 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 $108

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: 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.

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

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

Abel Anguiano

Agent | License ID: 561494

+1(210) 393-1978

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