2902 Commerce StSan Antonio, TX 78207

For Sale
$375,000

Prime Westside location, high visibility, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $375,000 asking price for a mixed-use property in San Antonio, TX.
  • 1,113 - 2,544 square feet, with 1,113 square feet currently net rentable.
  • Two buildings on a 0.126-acre lot, built in 1957, with four parking spaces.
  • C-3 zoning, allowing for various commercial uses.
  • 50% occupancy, generating a $14,400 NOI.
  • Gross lease type with credit-rated tenants.

Property Details for 2902 Commerce St

Property type
Other specialty properties, Lifestyle centers
Square Feet
1,113 SF
Class
B
Year Built
1957
Buildings
2
Stories
1
Lot Size (sq. ft)
5,489 SF
Units
2

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.428179580737
Longitude
-98.527076356676
2902 Commerce St, San Antonio, Texas

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2902 Commerce St
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