$ 2,200,000
1402 HOEFGEN AVE San Antonio, TX 78210-1823
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$ 2,200,000
Est. payment | /mo
12,950 SqFt
$ 2,200,000
Est. payment | /mo
12,950 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Active
Purchase Type For Sale
Square Footage 12,950 sqft
Price per Sqft $169
MLS Listing ID 1803992
Construction Status Wood,Stucco
Year Built 1965
Annual Tax Amount $37,161
Lot Size 2.033 Acres
Property Description
1402 Hoefgen is a 2.03 Acre property located just a few hundred feet east of U.S 281 and 1.5 miles southeast of Downtown San Antonio. It features 12,950 Sf of net rentable area, three buildings, including one dedicated office building, two warehouses, covered parking and an additional 5,375 Sf of covered storage. Ownership recently completed several capital improvement projects including laying down new base for the yard, painting the buildings, upgrading the office and landscaping the property. The property offers investors the opportunity purchase the property with in-place cash flow, lease the remaining vacant space and stabilize at a market cap rate. Additionally, owner-users can occupy the remaining vacancy (6,809 Sf of office and shop space) and offset their costs with in-place income from the existing tenant. This property sits proximate to downtown San Antonio, hemisfair, southtown and less than a mile from the reported future home of the San Antonio Spurs. Long-term investors with a forward outlook are likely to benefit from the dynamic changes taking place just a short distance away.
Location
State TX
County Bexar
Area 1100
Zoning I-1
Interior
Heating Central, Window Unit
Cooling Central, Window
Exterior
Garage Spaces 30.0
Utilities Available Electricity, Gas, Water, Telephone, Sewer
Roof Type Built-Up/Gravel,Flat
Building
Story 1
Level or Stories 1
Construction Status Wood,Stucco
Schools
School District San Antonio I.S.D.
Others
Acceptable Financing Lease or Sale, Exchange, Cash, Conventional
Listing Terms Lease or Sale, Exchange, Cash, Conventional
Listed by Collin Newton • Centro Properties • (210) 268-9880
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Cynthia Parsons
REALTOR®, MBA, GRI, MRP