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22193142
22193147

3723 West Ave, San Antonio, TX 78213

ML
Home City Real Estate - San Antonio
Listed by Home City Real Estate - San Antonio
$799,000
453 days on market
Updated 62 days ago

3723 West Ave

Details
Property Type Industrial, Mixed Use (+2)
Sub Type Executive Office, Warehouse
Square Footage 11,725
Cap Rate 15.00%
Occupancy 100%
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 15.02%
Pro-Forma NOI $120,000
Price per SqFt $68
Broker Co-Op Yes
Class C
Year Built 1973
Year Renovated 1988
Stories 2
Acreage 0.569
Zoning C-2P
Parking Spaces 20 spaces
Parking Per SqFt 1.71
Investment Type Value Add
Sale Condition Distressed

Once in a Decade Value-Add Opportunity!

Marketing description

Zoned C-2P, this unique property has been owned solely occupied by the same family businesses for over 40 years. This CONCRETE structure features tilt-wall construction with large, open interior spaces, several offices, and 5 water closets. It sits on half an acre with 2 curb-cuts and secured parking. Estimated to be 5,600 square feet of office / retail space and over 2900 square feet of warehouse space on the 1st floor, with about 3200 square feet of interior air-conditioned space on the 2nd floor. Warehouse has two full-length bay doors suitable for large box trucks. Centrally located, traffic count of 12,000+ daily prospects. Quick access to both Interstate 10 and Loop 410, accommodating commutes for all employees and fast service calls. PRICED TO SELL! Call Michael @ 210-422-5898 today!

ABOUT THE PROPERTY @ 3723 WEST AVE SAN ANTONIO, TX 78213:

Zoned C-2P, this unique property has been owned by the same family business for over 40 years and is finally available for purchase. It is predominately a two-story structure featuring tilt-wall construction and large, open interior spaces with drop ceilings sitting on over half an acre. The square footage is estimated to be 5,600 square feet of office / retail space and over 2900 square feet of warehouse space on the first floor, with about 2900 square feet of interior air-conditioned space on the second floor. The warehouse has two full-length bay doors. Two curb cuts & secure parking. This generational asset is NOW PRICED $550,000 BELOW 2024 TAX ASSESSMENT to allow renovates to this original-condition building without having to stretch your budget -- and to encourage a quick sale! This centrally located site has an average daily traffic count of over 12,000 vehicles, with equally quick access to Interstate 10 and Loop 410, thus accommodating commutes for all employees.

Owners will require a short-term lease back to vacate post-closing, but are also open to moving to a smaller space within the current footprint if required to make a deal come together.

ABOUT THE DEMOGRAPHICS:

You will find a dynamic and vibrant commercial hub in San Antonio, TX 78213. Catering to a youthful, restless demographic, this trade area is brimming with potential opportunities for savvy entrepreneurs and forward-thinking businesses.

The primary tapestry segment of the area is aptly named "Young and Restless," accounting for 30.9% of households. With a median age of 30.8, this demographic is primarily engaged in service or professional occupations and is characterized by a home ownership percentage of 16.5%. This youthful energy is reflected in the preferred activities of residents who tend to engage with news, fashion, and music magazines, making it an exciting opportunity for businesses targeting the younger generation.

In terms of income in the area, the average household income stands at a robust $71,624 with an average disposable income of $57,916. The local unemployment rate stands at 3%. Housing data paints a picture of opportunity as renters outweigh homeowners by a slight margin (53% renters vs 47% homeowners). The median estimated home value is $222,050.

San Antonio TX 78213 offers an energetic trade area teeming with young professionals and a robust economy. With a high population density and a higher-than-average disposable income, the area represents a fruitful ground for businesses to thrive and prosper.


Investment highlights

$472,000 below 2024 tax assessment (32% discount!) to allow the new owner to renovate without having to stretch their budget!

Zoned C-2P

The square footage is estimated to be 5,600 square feet of office / retail space and over 2900 square feet of warehouse space on the first floor, with about 2900 square feet of interior air-conditioned space on the second floor.

Listing Contacts

ML
Home City Real Estate - San Antonio
Listed by Home City Real Estate - San Antonio

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Additional Information

Name
Michael Lockridge
License
532958
Brokerage
Homecity Real Estate
Title
Broker Associate
Brokerage Address
West Loop 1604 South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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