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This exceptional mixed-use property in San Antonio's vibrant Southtown (Lavaca neighborhood) presents a compelling investment opportunity. The 6,400 square foot building, situated on a 0.456-acre lot (APN 138628), boasts a prime location, just a minute's walk from the River Walk. Completely renovated in 2023, the property includes ten Class A, one-bedroom units, all individually metered for water and electricity. The renovation encompassed new HVAC, boilers, electrical and gas lines, plumbing, and windows. In addition to the residential units, the property features 2,800 square feet of street-level retail space and 3,500 square feet of warehouse space, providing immediate income generation. The property is zoned IDZ-3 (High Intensity Infill Development Zone), allowing for significant expansion. Current entitlements permit an additional 26 residential units, but the IDZ-3 zoning offers even greater development density potential. The property also includes nine parking spaces. Offered at $1,995,000 ($311.72/sq ft, $199,500/unit), owner financing is available. This well-maintained property, built in 1950 and featuring two buildings and two stories, offers high visibility and a versatile layout, making it an ideal investment for those seeking to capitalize on San Antonio's thriving market. The property's proximity to the River Walk and the planned redevelopment of the former Lonestar Brewery further enhances its investment appeal.
Highlights
Owner financing available.
Mixed-use property with development potential; IDZ-3 zoning allows for significant expansion beyond the currently permitted 26 additional residential units.
0.456-acre lot in San Antonio's Lavaca neighborhood, one minute from the River Walk.
26 additional residential units permitted.
2,800 SF of existing retail space.
Completely renovated in 2023; new HVAC, boilers, electrical, plumbing, and windows.
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