2521 S Presa St
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2521 S Presa St
4,035 SF Retail Building San Antonio, TX 78210 $950,000 ($235/SF) 10.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Well established Tire and Mechanic Shop
- Corner Lot in Gentrifying area of popular Southtown in San Antonio
- Modified Gross Lease
- Five Drive-In Bays
- Twenty-One Foot High Ceilings.
EXECUTIVE SUMMARY
Marcus and Millichap is pleased to present for sale a property leased to an established tire and mechanic shop in the ever gentrifying area of Southtown in San Antonio, Tx. Located at 2521 S. Presa st, this property has less than one-year left on the lease and is structured as a modified gross lease. The landlord is responsible for taxes and insurance.
This is a great opportunity for another shop or business to buy the current location and cash flow rental income before moving in and taking over the business. As noted before this is also a re-gentrifying area and could be a good site for redevelopment.
Property Also Includes: Tire Changer(Rim Clamp 5065AX), 2-Pole 10,000LB lift, Bearing Press 20 Ton, 80-Gallon Champion Air Compressor, 2-story Tire Rack, 2-Story Muffler Rack, 2-Air hose Rails with Hoses.
This is a great opportunity for another shop or business to buy the current location and cash flow rental income before moving in and taking over the business. As noted before this is also a re-gentrifying area and could be a good site for redevelopment.
Property Also Includes: Tire Changer(Rim Clamp 5065AX), 2-Pole 10,000LB lift, Bearing Press 20 Ton, 80-Gallon Champion Air Compressor, 2-story Tire Rack, 2-Story Muffler Rack, 2-Air hose Rails with Hoses.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,035 SF
Building Class
B
Year Built
1994
Price
$950,000
Price Per SF
$235
Cap Rate
10.08%
NOI
$95,760
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.42 AC
Zoning
I-1 - General Industrial District
Parking
15 Spaces (3.72 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03128-009-0290 | Total Assessment | $723,350 |
| Land Assessment | $682,780 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $40,570 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
03128-009-0290
Land Assessment
$682,780
Improvements Assessment
$40,570
Total Assessment
$723,350
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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2521 S Presa St
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