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Laurel Heights 2602-2608 N Main Ave 8,000 SF 73% Leased Retail Building San Antonio, TX 78212 $1,800,000 ($225/SF) 6.36% Cap Rate
Investment Highlights
- Corporate Guaranty with 100+ Years of Operation at this Location
- Hard-Corner Location in Desirable Trade Area
- Urban Infill, Trophy Location in the Heart of Monte Vista with Ample Parking
- Value-Add or Owner-User Opportunity
Executive Summary
CBRE Investment Properties has been exclusively retained to offer for sale 2602 N Main (the “Property”), an 8,000 square foot office building in the heart of the affluent neighborhood of Monte Vista in San Antonio, TX. Monte Vista is one of San Antonio’s oldest neighborhoods and is characterized by its distinguished architecture, historic buildings and proximity to downtown.2602 N Main is 73% occupied and anchored by Avita Pharmacy, which has over 65 locations nationwide and is backed by New York based private equity firm Kinderhook solutions who purchased the pharmacy in 2023. The location has been an operating pharmacy for over 100 years and was originally opened as Laurel Heights Pharmacy in 1923. With average in-place rents of $21.54 PSF and 2,150 sf of vacant space, the Property has value-add and owner-user potential. 2602 N Main has dominant real estate fundamentals in a highly desirable trade area while providing an investor immediate cash flow stability and significant long-term upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
1910
Price
$1,800,000
Price Per SF
$225
Cap Rate
6.36%
NOI
$114,480
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.38 AC
Zoning
C-2 - Commercial District
Parking
20 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- AC Disposal
- Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
- HNTS
- -
- -
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$9.99
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Lorem Ipsum
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Jan 0000
- One Serv, LLC
- Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| AC Disposal | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| HNTS | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| One Serv, LLC | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Available for rent: Prime commercial office space with a unique history as a former church, conveniently located near Trinity University at 2602 N Main, San Antonio, TX 78212. This spacious 2,150 square feet property offers a versatile layout suitable for various businesses. The rental rate is $3,950 per month.
| Space | Size | Space Use | Position | Available |
| 3 | 1,075-2,150 SF | Office | End Cap | Now |
3
| Size |
| 1,075-2,150 SF |
| Space Use |
| Office |
| Position |
| End Cap |
| Available |
| Now |
3
| Size | 1,075-2,150 SF |
| Space Use | Office |
| Position | End Cap |
| Available | Now |
Available for rent: Prime commercial office space with a unique history as a former church, conveniently located near Trinity University at 2602 N Main, San Antonio, TX 78212. This spacious 2,150 square feet property offers a versatile layout suitable for various businesses. The rental rate is $3,950 per month.
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01704-012-0140 | Improvements Assessment | $303,710 |
| Land Assessment | $561,290 | Total Assessment | $865,000 |
Property Taxes
Parcel Number
01704-012-0140
Land Assessment
$561,290
Improvements Assessment
$303,710
Total Assessment
$865,000
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Laurel Heights | 2602-2608 N Main Ave
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