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Property profile & analytics
FOR LEASE
Retail space

1947 N New Braunfels Ave San Antonio, TX 78208

3,662 SF 0.16 ac lot Built 1950
Individually Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US82-2564000
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 3,662 SF
Lot 0.16 ac (7,057 SF)
APN 01258-000-0010
UPID US82-2564000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Folklores Coffee - Government Hill Cafe & Coffee Shop
  • Sikesercise Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Beverly M Roerink · 16 yrs held
Beverly M Roerink
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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