13934 S US Highway 181 Lot | Terrain commercial | 4,34 ha | À vendre | San Antonio, TX 78223

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 13934 South U.S. Highway 181 in San Antonio, Texas. The subject property consists of approximately 10.72 acres of land. The asset features 480 feet of frontage along U.S. Highway 181 and currently houses two industrial buildings, totaling 4,720 square feet, and two multi-unit sheds. With access to well water, a septic tank, and single-phase power with 300 amps and 120 to 240 volts, the property maintains the necessary infrastructure to support immediate development. The property is located just outside the city limits of San Antonio near the Richter Road intersection, which is equipped with a traffic light to slow down traffic. With exposure to an average daily traffic count of more than 25,000 vehicles annually, the property is ideal for the development of a gas station and/or truck stop, recreational vehicle park, or self-storage expansion. There are three major thoroughfares within six miles of the property, including Interstates 37 and 410 and Loop 1604.
The subject property is positioned within the large South submarket, containing 43.4 million square feet of industrial space. In the 12 months through Q1, nearly 1.2 million square feet of industrial space was absorbed on net in South San Antonio. Given that only about 677,000 square feet were supplied during that time, the vacancy rate bucked the national trend and fell from 12.0 percent to 10.7 percent. Despite availability tightening, annual rent growth decelerated from 6.2 percent to 4.5 percent in Q1 year-over-year. As a result, the average market rent per square foot rose to $12.80. During Q2, roughly 2 million square feet of industrial space were under construction in the South submarket, representing 4.5 percent of existing inventory (CoStar).
Home to the Alamo and famous River Walk, San Antonio metro is the primary residence of 2.7 million people. San Antonio is the second most populous city in Texas behind Houston, housing more than 1.5 million residents. The local economy is anchored by the industries of healthcare, tourism, and national defense. An extensive transportation network provides shipping options to domestic and international markets. Additionally, the formation of the Eagle Ford Shale that runs through Atascosa and Wilson counties has cultivated a thriving energy sector. Valero Energy, one of the largest oil companies in the U.S., is headquartered in San Antonio. Major private employers include AT&T, Wells Fargo, USAA, and Toyota. San Antonio offers a high quality of life with a variety of entertainment including the NBA’s San Antonio Spurs, SeaWorld, and Six Flags.