126 E Main Plaza
Mixed Use | 54,662 SqFt
Marketing description
Overlooking the Riverwalk in the historic Main Plaza in downtown San Antonio, Texas, the Morris Hotel & Apartments sits across the street from the Bexar County Courthouse, San Fernando Cathedral and a few steps from the Spanish Governor Plaza. Built in the early 1900s with fireproof construction consisting of unreinforced masonry, brick curtain walls, concrete floors, metal lath and plaster walls, the building was converted into apartments in the 1950s to include a total of 50 residential units, 11000 sf of commercial space on the ground level and about 7000 sf of fully finished out basement.
Right in the epicenter of San Antonio's Downtown, building is about 1/2 a mile of The Alamo, Convention Center, Hemisfair park, and marvel Project to the East, about 1/2 to the UTSA Downtown to the West and equal distance to the Mission Ball Park to the North and the historic King William neighborhood to the South.
Investment highlights
Mixed use historic building on the Riverwalk offered under $150/sf.
11,000 sf of retail space 100% occupied
48 Residential units. Unit Mix: 3x 2B/1B, 21x 1B/1B, and 24x efficiency.
2 penthouses on the fifth floor.
The building is zoned DH (Downtown District Historic District and Landmarks) HS (Historic Significant) RIO-3 (River Improvement Overlay)
Financials upon request
Units' size range from low 200 to mid 600sf.
High occupancy with upside potential.
11,000 sf basement available for lease or owner occupant.
Multiple incentives available such as: Federal and State Historic Tax Credits, Opportunity zone: Downtown, TIRZ 9, New Market Tax Credits.
Within walking distance of all amenities Downtown has to offer such as Project marvel, UTSA Downtown, MIssion Ball Park, The Alamo, Hemisfair Park
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