1426 S New Braunfels Ave
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1426 S New Braunfels Ave
6,421 SF Retail Building San Antonio, TX 78210 $725,000 ($113/SF) 8% Cap Rate
Investment Highlights
- High Visibility & High Traffic Area
- Rooftop terrace with DT San Antonio Views
- New Fencing & Gate 2023
- Future mixed-use development potential
- New TPO Roof - 2021
Executive Summary
Introducing 1426 S. New Braunfels: A Prime Investment Opportunity
Located in the rapidly growing East San Antonio area, just minutes from Downtown San Antonio, the Pearl District, and Broadway, this freestanding commercial building presents an exceptional opportunity for redevelopment or immediate investment. Zoned C-2, the property offers flexibility for various uses, including the construction of up to four residential units or continued commercial applications. The 6,421-square-foot building features two off-street parking spaces in the front and a gated rear parking lot accommodating 8–10 vehicles. Recent upgrades include a new roof installed in 2021 and a fenced gate added in 2023.
The top floor is vacant and has been partially converted into a residential loft featuring high ceilings, a spacious living area, a full bathroom, a large closet, and washer/dryer connections. The ground floor is currently leased below market rate to a related party, offering a clear opportunity to maximize rental income. Similar industrial and flex properties in the area command $9–$12 per square foot plus NNN, with pro forma calculations at $9/SF generating $57,789 annually—equating to an 8% cap rate. With strategic upgrades and a mixed-use redevelopment, this property has the potential to achieve rents of up to $18/SF, significantly enhancing returns.
This versatile property is ideal for a mixed-use redevelopment project, such as live/work lofts or ground-floor retail spaces with private residential units above. A rooftop addition could further capitalize on the location's stunning views of Downtown San Antonio. Alternatively, the building offers exceptional potential as a residential/commercial condo development. With its rich history and prime location, 1426 S. New Braunfels is a standout opportunity for investors or developers. Conceptual floor plans for the top-floor unit are available, offering a clear vision of the property’s potential. Contact us today to learn more or schedule a tour.
Located in the rapidly growing East San Antonio area, just minutes from Downtown San Antonio, the Pearl District, and Broadway, this freestanding commercial building presents an exceptional opportunity for redevelopment or immediate investment. Zoned C-2, the property offers flexibility for various uses, including the construction of up to four residential units or continued commercial applications. The 6,421-square-foot building features two off-street parking spaces in the front and a gated rear parking lot accommodating 8–10 vehicles. Recent upgrades include a new roof installed in 2021 and a fenced gate added in 2023.
The top floor is vacant and has been partially converted into a residential loft featuring high ceilings, a spacious living area, a full bathroom, a large closet, and washer/dryer connections. The ground floor is currently leased below market rate to a related party, offering a clear opportunity to maximize rental income. Similar industrial and flex properties in the area command $9–$12 per square foot plus NNN, with pro forma calculations at $9/SF generating $57,789 annually—equating to an 8% cap rate. With strategic upgrades and a mixed-use redevelopment, this property has the potential to achieve rents of up to $18/SF, significantly enhancing returns.
This versatile property is ideal for a mixed-use redevelopment project, such as live/work lofts or ground-floor retail spaces with private residential units above. A rooftop addition could further capitalize on the location's stunning views of Downtown San Antonio. Alternatively, the building offers exceptional potential as a residential/commercial condo development. With its rich history and prime location, 1426 S. New Braunfels is a standout opportunity for investors or developers. Conceptual floor plans for the top-floor unit are available, offering a clear vision of the property’s potential. Contact us today to learn more or schedule a tour.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,421 SF
Building Class
C
Year Built
1960
Price
$725,000
Price Per SF
$113
Cap Rate
8%
NOI
$58,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.87
Lot Size
0.17 AC
Zoning
C-2
Parking
10 Spaces (1.56 Spaces per 1,000 SF Leased)
Frontage
69 FT on New Braunfels
Amenities
- Fenced Lot
- Roof Terrace
- Storage Space
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 01620-021-0270 | Improvements Assessment | $196,000 |
Land Assessment | $97,760 | Total Assessment | $293,760 |
PROPERTY TAXES
Parcel Number
01620-021-0270
Land Assessment
$97,760
Improvements Assessment
$196,000
Total Assessment
$293,760
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