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Additional details

Alfonso Rodriguez

[email protected] +1(512) 215-4284

$ 609,000

Est. payment -/mo

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Price Dropped by $30K

1426 NEW BRAUNFELS AVE San Antonio, TX 78210-2249

2 Beds

3 Baths

6,421 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Residential

Listing Status Active

Purchase Type For Sale

Square Footage 6,421 sqft

Price per Sqft $94

Subdivision Na

MLS Listing ID 1833677

Style Two Story,Historic/Older

Bedrooms 2

Full Baths 2

Half Baths 1

Construction Status Pre-Owned

Year Built 1960

Annual Tax Amount $7,418

Tax Year 2024

Lot Size 7,361 Sqft

Property Sub-Type Single Residential

Property Description

*Seller financing available for well-qualified Buyers. Introducing 1426 S. New Braunfels: An Exceptional Commercial Investment Opportunity Strategically located in the rapidly growing East San Antonio corridor, just minutes from Downtown San Antonio, the Pearl District, and Broadway, this 6,421-square-foot freestanding commercial property offers unparalleled potential for redevelopment or immediate investment. Zoned C-2, the property provides versatile use options, including commercial applications, mixed-use development, or the addition of up to four residential units. Property highlights include two off-street parking spaces at the front and a gated rear lot with a capacity for 8-10 vehicles. The top floor is vacant and partially converted into a residential loft featuring high ceilings, two full bathrooms, a spacious living area, a large closet, and washer/dryer connections. Reinstalling windows in the original openings could unveil stunning skyline views from your living room or office. Roof access is already in place, with the option to install an interior spiral staircase, offering the potential to add a rooftop terrace with breathtaking views of Downtown San Antonio. The ground floor is leased below market rate to a related party, providing immediate cash flow with significant upside. Area industrial and flex properties lease for $9-$12/SF plus NNN. Pro forma projections at $9/SF yield $57,789 annually, equating to an 9.5% CAP rate at the current list price. Strategic upgrades could elevate potential rents to $18/SF, significantly enhancing returns. Recent improvements include a new TPO roof (2021) and gated fencing (2023), enhancing both the property's value and functionality. Its prime location in a high-traffic area near some of San Antonio's most iconic districts ensures excellent visibility and access, making it highly attractive to tenants and end-users alike. This property offers a range of future development opportunities, from live/work lofts and ground-floor retail with private residences above to potential residential/commercial condo conversions. The existing rooftop access and the ability to create a rooftop terrace further align with the demand for modern, flexible spaces in this sought-after market. With its flexible zoning, recent capital improvements, and strong redevelopment potential, 1426 S. New Braunfels represents a rare opportunity to secure a high-performing asset in one of San Antonio's fastest-growing areas.

Location

State TX

County Bexar

Area 1200

Direction S

Rooms

Master Bathroom 2nd Level 5X10 Shower Only

Master Bedroom Main Level 10X15 Upstairs

Bedroom 2 2nd Level 10X12

Living Room 2nd Level 14X24

Dining Room 2nd Level 15X33

Kitchen 2nd Level 10X10

Interior

Heating Other

Cooling Other

Flooring Wood, Unstained Concrete

Inclusions Washer Connection, Dryer Connection

Heat Source Electric

Exterior

Exterior Feature Chain Link Fence, Other - See Remarks

Parking Features None/Not Applicable

Pool None

Amenities Available Other - See Remarks

Roof Type Flat

Private Pool N

Building

Lot Description City View, Level

Faces West

Foundation Slab

Sewer City

Water City

Construction Status Pre-Owned

Schools

Elementary Schools Smith

Middle Schools Poe

High Schools Brackenridge

School District San Antonio I.S.D.

Others

Miscellaneous Commercial Potential,City Bus,Investor Potential,As-Is

Acceptable Financing Conventional, 1st Seller Carry, Cash

Listing Terms Conventional, 1st Seller Carry, Cash

Virtual Tour https://www.1426snewbraunfels.com

Listed by Johnny Devora • Devora Realty • (512) 961-9084

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