354 Southcross BlvdSan Antonio, TX 78214

For Sale
$2,800,000

Mixed-use property, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, the Harlandale Building, presents a compelling investment opportunity in San Antonio, Texas. Located at 354 E Southcross, 78214, this 15,500 square foot building sits on a 27,804 square foot lot and boasts a desirable C-3 zoning. Constructed in 1940, the building underwent extensive renovations in 2001 and further updates in 2021. The two-story structure comprises 15 versatile rental units, including medical office space, retail space, and residential units. Currently operating at 98% occupancy, the property generates a strong net operating income (NOI) of $179,272, representing a 6.40% cap rate on the $2,800,000 asking price. The price per square foot is $180.65. The building benefits from a high-traffic location with over 10,000 vehicles per day passing by. While the current owner occupies anchor space, they are flexible regarding occupancy by a new owner. Rental rates are currently slightly below market, offering significant potential for increased revenue. This corner property presents a rare opportunity to acquire a stabilized, mixed-use asset with immediate cash flow and substantial upside potential in a thriving San Antonio location.

Highlights

  • Corner property in San Antonio, TX.
  • Mixed-use building with 15 rental units (medical, retail, residential).
  • C-3 zoning.
  • High-traffic location (10,000+ VPD).
  • 98% occupancy, $179,272 NOI, 6.40% cap rate, $2,800,000 asking price.

Property Details for 354 Southcross Blvd

Property type
Other retail properties, Other office properties
Square Feet
15,500 SF
Class
C
Year Built
1940
Buildings
1
Stories
2
Units
15

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.368465
Longitude
-98.4961779
354 Southcross Blvd, San Antonio, Texas

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354 Southcross Blvd
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