2902 Commerce St San Antonio, TX 78207-3762

Property Details for 2902 Commerce St

Year built

1957

Lot size

0.13 lot acres

Property size

1,058 SF

Property type

Retail space

APN

02322-001-0013

APU

23220010013

Description

This exceptional mixed-use investment opportunity in San Antonio, Texas, presents a compelling proposition for discerning investors. Located at 2902 W. Commerce St., this property encompasses two buildings totaling 1,113-2,544 square feet on a 0.126-acre lot, featuring 4 parking spaces. Built in 1957, the property boasts a Class B rating and is currently 50% occupied, generating a Net Operating Income (NOI) of $14,400. The property is zoned C-3, allowing for a wide range of uses, including but not limited to restaurants, shopping centers, and storefronts, as well as other uses permitted under C-3 zoning. The asking price is $375,000, representing a strong return on investment. This owner-user opportunity benefits from a gross lease type and credit-rated tenants. The property's location within a thriving revitalization zone, coupled with its high visibility and ample street frontage, ensures maximum exposure and significant long-term appreciation potential. The property's multi-tenant structure offers flexibility and diversification. This is a rare chance to acquire a well-positioned asset in a rapidly developing area of San Antonio. The property's features, combined with the area's growth trajectory, make this an attractive investment for those seeking both immediate income and future appreciation. The property is a two-story building with a single story.