1947 New Braunfels Ave San Antonio, TX 78208
- Retail space
- 3,662 SF
- 0.16 lot acres
Current Use by Public Records
- Folklores Coffee - Government Hill / Coffee Shop
- Sikesercise / Fitness Center
Property Details for 1947 New Braunfels Ave
- Year built
- 1950
- Lot size
- 0.16 lot acres
- Property size
- 3,662 SF
- Property type
- Retail space
- APN
- 01258-000-0010
- APU
- 12580000010
Description
This exceptional 7,369 square foot multi-tenant retail building, located in San Antonio's vibrant Government Hill, presents a unique investment opportunity. Situated on a highly visible hard corner at the intersection of Grayson Street and a cross street, this property boasts a prime location less than a mile from the Pearl District and a third of a mile from Interstate 35. Across the street lies the entrance to Fort Sam Houston, ensuring high traffic and visibility. Originally constructed in 1950, the building underwent a complete renovation in 2023, featuring updated mechanical and plumbing systems, a modernized exterior with fresh paint and stucco, a new canopy, and energy-efficient LED lighting. The property currently houses several thriving local businesses, creating a strong existing tenant base. The building is comprised of six suites, with a minimum divisible space of 1,214 square feet and a maximum contiguous space of 2,429 square feet; currently, 2,429 square feet are vacant. The 0.33-acre lot provides ample space, and seven parking spaces are available for tenants and customers. The property is zoned C-2 IDZ, reflecting its suitability for a variety of retail and commercial uses. With over 650 new apartment units recently completed nearby, adding nearly 1,000 new residents to the area, this property offers significant growth potential. The property's Class B designation and $2.03 per square foot tax rate further enhance its attractiveness. This is a rare chance to acquire a well-maintained, historically significant property in a rapidly developing area. Don't miss this opportunity to establish your business in this thriving San Antonio neighborhood.
Value Estimation
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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
- -98.4611
- Latitude
- 29.4429
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
