700 Zarzamora St San Antonio, TX 78207-5255

Property Details for 700 Zarzamora St

Year built

1975

Lot size

1.81 lot acres

Property size

52,416 SF

Property type

Commercial real estate

APN

02427-001-0270

APU

24270010270

Description

This exceptional investment opportunity presents a four-story, 49,179 square foot Class B office building located at 700 S Zarzamora St, San Antonio, Texas 78207. The property, built in 1975 and renovated in 2016, sits on a 1.81-acre lot (APN: 02427-001-0270) and boasts a 100% occupancy rate, generating a strong Net Operating Income (NOI) of $433,156, representing a 9.63% capitalization rate. The asking price is $4,500,000, translating to a price per square foot of $91.50. The building is zoned C-2, O-1 and features a mix of medical and professional office tenants. Recent improvements include a painted and power-washed exterior (pre-Q2 2020), the addition of digital signage and security cameras, and Secure Open Path Security. While the roof is over 20 years old and lacks a warranty, it's reported to be in good condition with no leaks since acquisition. This stabilized investment is situated in a growing San Antonio submarket, offering close proximity to other medical complexes and retail assets, ensuring strong tenant demand and long-term value appreciation. This property represents a compelling opportunity for investors seeking stable cash flow and significant return on investment within a thriving commercial district.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Longitude

-98.5272

Latitude

29.4213

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments