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Main Plaza Market 126 E Main Plz

50 Unit Apartment Building For Sale San Antonio, TX 78205

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Investment Highlights

Excellent location on the Riverwalk front with beautiful views of Downtown
Terrace overlooking the river on the third and fifth floor.
13,280 sf Retail space 100% occupied

Zoned DH (Downtown District Historic District and Landmarks) HS (Historic Significant) RIO-3 (River Improvement Overlay).
48 units plus 2 penthouses with a variety of floor plans.
11,000 sf Basement available for lease or owner occupant. Current finish out for general office.

Executive Summary

Located on the historic Main Plaza in downtown San Antonio, Texas, the Morris building is a five story, mixed use unreinforced masonry building that was built circa 1925 according to Bexar County Appraisal. However, the Sanborn Fire Insurance Maps identify the building as being built in 1910 of fireproof construction consisting of brick curtain walls, concrete floors, metal lath and plaster walls.
The building consists of a basement that houses commercial lease space, a ground level that houses retail and restaurant spaces as well as the lobby for the apartments and residential units. Floors two through four contain 16 apartments per floor and the approximate square footage of floors two through four is 6,300 square feet. The fifth floor, substantially smaller than the other floors at approximately 2,400 square feet in size, is comprised of two penthouse apartments and was originally added to the structure in the 1950's, when the hotel was converted to apartments.
The basement is currently finish out for general office and is available for owner occupant or new tenant.
"Priced well below tax assessment value"

For Sale Brochure

Survey 126 E. Main Plaza (2)

Property Facts

Sale Type	Investment or Owner User	Building Class	B
Sale Conditions	1031 Exchange	Lot Size	0.28 AC
No. Units	50	Building Size	54,662 SF
Property Type	Multifamily	No. Stories	5
Property Subtype	Apartment	Year Built	1920
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange
No. Units	50
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	B
Lot Size	0.28 AC
Building Size	54,662 SF
No. Stories	5
Year Built	1920
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.