3723 West Ave
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3723 West Ave
11,325 SF 100% Leased Retail Building San Antonio, TX 78213 $1,199,000 ($106/SF) 10.43% Cap Rate
Investment Highlights
- Martial Arts dojo available for immediate occupancy
- Secure Gated Parking
- Sale-Leaseback of downstairs & warehouse preferred
Executive Summary
Exciting opportunity to purchase a multi-use commercial building in Midtown well below BCAD assessed value -- pick up instant equity! Easy access to both Interstate 10 and Loop 410 means you will be able to quickly get anywhere in the county to service your clients. Easily lease upstairs immediately. Subdivide the downstairs into two large office / retail spaces if you haven't yet grown large enough to use it all yet. This property offers ample parking -- including secured parking -- retail space, warehouse space, and several offices in its current configuration. Price reduced for quick sale! Fully owner-occupied downstairs and vacant upstairs. Owner would prefer to vacate after closing. Upstairs -- which is currently configured as a martial arts dojo -- is immediately available (estimated 2900 sq ft). Active business; Agent Open. Cell phone tower is part of a permanent easement. NOI and CAP are projections, as building is and only ever has been fully owner-occupied for over 30 years. Contact listing agent for showing directly: 210-422-5898
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
11,325 SF
Building Class
B
Year Built
1973
Price
$1,199,000
Price Per SF
$106
Cap Rate
10.43%
NOI
$125,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.46
Lot Size
0.57 AC
Zoning
C-2P S - C-2 with 35' max front setback
Parking
20 Spaces (1.77 Spaces per 1,000 SF Leased)
Frontage
137 FT on West
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 11684-000-0250 | Improvements Assessment | $1,158,780 |
| Land Assessment | $147,230 | Total Assessment | $1,306,010 |
PROPERTY TAXES
Parcel Number
11684-000-0250
Land Assessment
$147,230
Improvements Assessment
$1,158,780
Total Assessment
$1,306,010
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3723 West Ave
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