1947 N New Braunfels Ave San Antonio, TX 78208
For Lease
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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.
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Folklores Coffee - Government Hill Cafe & Coffee Shop
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Sikesercise Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.