425-427 S Saint Marys St Local commercial 633 m² 100 % Loué À vendre San Antonio, TX 78205

Co Broker is Mike Vasquez Virtus Realty. Please call for pricing information. Subject property is under preforming and located on a charming tree lined block within the rapidly evolving downtown San Antonio area. It is centrally placed inside a 1/2 mile radius of easy walking to the Alamo, Market Square, Tower Life Building, King William, San Antonio Riverwalk, Bexar County Courthouse, San Ferando Cathedral, Main Plaza, the highly anticipated Project Marvel and more. In addition the upcoming VIA Green Line will stop about 750 feet to the north of subject bringing increased business opportunities and exposure to this site from local and out of town riders. The neighboring Tower Life Building renovation anticipates 242 living units and 18,000 sf of retail space. The combined economic spillover from Tower Life, King William neighborhood, lower Broadway, UTSA, Cattleman's Square and Lavaca neighborhood amplifies opportunity, value and use options for the subject property and surrounding area. Applying smart visibility artistic concepts to the south wall enhances business brand and identity. With approximately 90 feet of south wall for exposure, 6,800 SF of usable space on a slab foundation and a ceiling height of about 15 feet, subject property offers versatility, a competitive edge and stability at a realistic acquisition/rehab cost. Creative updating should create immediate equity, value and income opportunities for the new owner / occupants. This structure is dual-use with a Tex-Mex restaurant operating on the north side and law offices on the south side - both on MTM leases. Each side has about 3,400 sf of "just right" space for small and mid-size use while the whole 6,800 is ideal for the larger midsize bracket. Current C of O's are transferable to new occupants. HS RIO-3 D - zoning allows for exterior continuity and various uses. The nearby Pearl / Lower Broadway developments dovetail very easily into this specific downtown environment due to the Broadway to the Alamo connectivity which solidifies the the diverse and stable economics of this area. Due to area structural sizing and spacing, long views and elbow room in this area tends to mitigate the typical downtown compression of noise, exhaust and density while increasing economic opportunity and positive visitor experience in this area. Subject property abuts a large parking lot and is across the street of another large lot. Both of lots look to be owned by the same major developer. By closing off the lightly used bisecting street called Jack White both of these lots and a closed street indicates a high probability of future ground up development. Possible uses of subject property: rebranding and reposition the existing restaurant to accommodate a more diverse and contemporary cliental, utilize existing kitchen for marketing or promotion for a sole office occupant, for those who recall the original vibe of Austin's 6th Street a live music venue would be possible, perhaps a more family oriented venue using the parking area for outdoor activities such as pickleball, Mexican bakery or Panaderia/ coffer shop, virtual law and professional offices to include lite food, coffee and beverage, hardware franchise, sea food (very popular) or perhaps a catering company. What ever the use is this area is a classic example of economic, creative and residential synergy.