Courtesy of: Johnny Devora, Devora Realty, johnnydevora@devorarealty.com
Courtesy of: Johnny Devora, Devora Realty, johnnydevora@devorarealty.com
$725,000
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Lot: 0.17 Acres
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Other
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$725,000
1426 S NEW BRAUNFELS AVE Introducing 1426 S. New Braunfels: Exceptional Commercial Investment Opportunity Strategically located in the rapidly growing East San Antonio corridor, just minutes from Downtown San Antonio, the Pearl District, and Broadway, this 6, 421-square-foot freestanding commercial property presents unparalleled potential for redevelopment or immediate investment. Zoned C-2, the property offers versatile use options, including commercial applications, mixed-use development, or the addition of up to four residential units. Property highlights include two off-street parking spaces at the front and a gated rear lot with capacity for 8-10 vehicles. The top floor features a partially converted residential loft with high ceilings, a full bathroom, spacious living area, washer/dryer connections, and a large closet. Roof access is already in place, with the option to install an interior spiral staircase, providing an opportunity to add a rooftop terrace with stunning Downtown San Antonio views. The ground floor is currently leased below market rate to a related party, offering immediate cash flow with significant upside. Area industrial and flex properties lease for $9-$12/SF plus NNN, with pro forma projections at $9/SF yielding $57, 789 annually. Strategic upgrades could elevate potential rents to $18/SF, significantly enhancing returns. The property has been recently improved with a new TPO roof (2021) and gated fencing (2023), adding to its value and functionality. Its prime location in a high-traffic area near some of San Antonio's most iconic districts ensures excellent visibility and access, making it attractive to both tenants and end-users. This property offers a range of future development opportunities, from live/work lofts and ground-floor retail with private residences above to a potential residential/commercial condo conversion. The existing rooftop access and the ability to create a rooftop terrace further align with demand for modern, flexible spaces in this sought-after market. With its flexible zoning, recent capital improvements, and strong redevelopment potential, 1426 S. New Braunfels represents a rare opportunity to secure a high-performing asset in one of San Antonio's fastest-growing areas.
Courtesy of: Johnny Devora, Devora Realty, johnnydevora@devorarealty.com
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