Current Use by Public Records
- R&J Music Pavilion / Music Venue / Bar & Pub
Property Details for 18086 Pleasanton Rd
- Year built
- 2010
- Lot size
- 4.92 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional San Antonio entertainment venue, situated on nearly 5 acres, presents a unique investment opportunity. The property boasts a 3,220 square foot indoor bar area, fully equipped with tables, bar stools, pool tables, darts, a DJ booth, and a jukebox. Separate restrooms are conveniently located within the indoor space. Extensive outdoor amenities include a large stage overlooking a vast dance floor, ample space for outdoor seating (over 20,000 square feet of concrete), and multiple service stations. A covered pavilion, spanning 7,500 square feet, features an additional bar with three service stations, a jukebox, storage, and separate restrooms. Additional outdoor features include a playground, batting cages, and a storage shed exceeding 2,000 square feet. The property also includes a separate income-producing rental house. The venue has a capacity for 5,200 people (per San Antonio Fire Department) and parking for approximately 400 cars. Infrastructure includes a water well and 36 septic domes. The property is conveniently located near Texas A&M University-San Antonio and the San Antonio Toyota Plant, offering easy access to a large population base. The property is currently 45% occupied, generating a NOI of $500,000 and a 26.46% cap rate. The asking price is $1,790,000 for this fee simple ownership of five buildings on a single story, built in 2010. The property's versatility allows for diverse uses, including but not limited to concerts, festivals, weddings, and sporting events. This well-established venue has a proven track record, having hosted major events such as the Big Red & Barbacoa Festival. The significant acreage and existing infrastructure provide ample room for expansion and further development.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4984
- Latitude
- 29.2448
