Southtown Restaurant/Bar/Retail Opportunity | 302 E Fest St
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Southtown Restaurant/Bar/Retail Opportunity 302 E Fest St
2,207 SF Retail Building San Antonio, TX 78204 $395,000 ($179/SF)
Investment Highlights
- Located in San Antonio's hottest urban neighborhood
- Adjacent to New City Hike & Bike Trail
- High ceilings with beautiful skylight windows
- Corner lot with large patio space
- Successful Restaurants already in the immediate area
- Formerly a neighborhood restaurant and convenience store
Executive Summary
Redevelopment opportunity in the Lone Star Neighborhood of Southtown, this former neighborhood restaurant and convenience store awaits your vision to become the next hot spot. Located on a visible hard corner backing up to the City Hike & Bike Trail, across the street from Bamboo Restaurant, a block from Kunstler Brewing and a few blocks from Dorcal Distilling and IL Forno Pizza. Single story block construction, high ceilings, charming skylight windows, large patio area. Currently zoned R6, will need to be rezoned for your purpose. Don't miss this opportunity capitalize on the restaurant success of the area and redevelop this property for your own business or for investment.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,207 SF
Building Class
F
Year Built
1942
Price
$395,000
Price Per SF
$179
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.16 AC
Zoning
R6 - Previously zoned commercial, currently zoned residential and will need to be rezoned for your use.
Parking
4 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Courtyard
- Fenced Lot
- Skylights
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02575-004-0010 | Total Assessment | $225,000 (2023) |
| Land Assessment | $194,990 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $30,010 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
02575-004-0010
Land Assessment
$194,990 (2023)
Improvements Assessment
$30,010 (2023)
Total Assessment
$225,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Southtown Restaurant/Bar/Retail Opportunity | 302 E Fest St
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