300 Salmon St Stockdale, TX 78160-5907

This exceptional 12,958 square foot property in Stockdale, Texas, presents a unique redevelopment opportunity. Located on a full corner lot (.97 acres) at 300 Salmon St, this former skilled nursing facility offers a blank canvas for various uses. The single-story building, built in 1963, currently consists of only wooden frames and wires, requiring complete renovation including new plumbing, HVAC, and electrical systems. However, its substantial size and layout offer immense potential for diverse projects. Consideration could include multi-tenant office space, community centers, daycares, healthcare facilities, multifamily conversion, non-profit organizations, or government/construction-related businesses. The ample outdoor space is ideal for community engagement. The property boasts a 9% pro-forma cap rate and a projected NOI of $96,525. Situated in Wilson County, Stockdale is a growing community approximately 45 miles southeast of San Antonio, benefiting from planned residential developments and efforts to attract new businesses. This property offers a high-return investment for a developer with the vision to revitalize this key location and contribute to the town's growth. The 64-bed capacity of the previous facility provides a strong foundation for a variety of uses. The property's location on a corner lot provides excellent visibility and accessibility. This is a chance to reshape a significant piece of Stockdale's landscape.