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- LoopNet Team
615 E Locust St
San Antonio, TX 78212
16U Multifamily Devmnt: 22K SqFt M33 Zoned · Land For Sale
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0.51 AC
INVESTMENT HIGHLIGHTS
- M33 Zoning allows 16 units
- Lot is elevated above St Mary's providing options for views
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.51 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Zoning | M33 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.51 AC |
| No. Stories | 1 |
| Zoning | M33 |
DESCRIPTION
Half Acre lot on small hill above commercial buildings on ST Mary's St providing an opportunity for potential views of the Pearl Brewery & Brackenridge Park Golf Course. Smart developer will pursue neighbor lots and add 1,900 to 17,000sqft. Existing 10 unit building is generating $100K per year in gross rents, but value is building new units that take advantage of the gentrification and premium location. While the Historic Zone adds some complexity, the final product will benefit from being in an established neighborhood with traditional design elements.
PROPERTY TAXES
| Parcel Number | 01735-014-0050 | Improvements Assessment | $35,400 |
| Land Assessment | $764,600 | Total Assessment | $800,000 |
PROPERTY TAXES
