TX > San Antonio
San Antonio, TX 78210-1823,1402 HOEFGEN AVE
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San Antonio, TX 78210-1823,1402 HOEFGEN AVE
San Antonio, TX 78210-1823,1402 HOEFGEN AVE
San Antonio, TX 78210-1823,1402 HOEFGEN AVE
San Antonio, TX 78210-1823,1402 HOEFGEN AVE
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Andrew Corder

Andrew Corder

Real Broker, Llc

+1(830) 452-1300
$ 2,200,000
Est. payment /mo
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1402 HOEFGEN AVE San Antonio, TX 78210-1823

12,950 SqFt

UPDATED:

09/24/2024 05:56 PM

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Active

Purchase Type For Sale

Square Footage 12,950 sqft

Price per Sqft $169

MLS Listing ID 1803992

Construction Status Wood,Stucco

Year Built 1965

Annual Tax Amount $37,161

Lot Size 2.033 Acres

Property Sub-Type Commercial Improved Prop

Property Description

1402 Hoefgen is a 2.03 Acre property located just a few hundred feet east of U.S 281 and 1.5 miles southeast of Downtown San Antonio. It features 12,950 Sf of net rentable area, three buildings, including one dedicated office building, two warehouses, covered parking and an additional 5,375 Sf of covered storage. Ownership recently completed several capital improvement projects including laying down new base for the yard, painting the buildings, upgrading the office and landscaping the property. The property offers investors the opportunity purchase the property with in-place cash flow, lease the remaining vacant space and stabilize at a market cap rate. Additionally, owner-users can occupy the remaining vacancy (6,809 Sf of office and shop space) and offset their costs with in-place income from the existing tenant. This property sits proximate to downtown San Antonio, hemisfair, southtown and less than a mile from the reported future home of the San Antonio Spurs. Long-term investors with a forward outlook are likely to benefit from the dynamic changes taking place just a short distance away.

Location

State TX

County Bexar

Area 1100

Zoning I-1

Interior

Heating Central, Window Unit

Cooling Central, Window

Exterior

Garage Spaces 30.0

Utilities Available Electricity, Gas, Water, Telephone, Sewer

Roof Type Built-Up/Gravel,Flat

Building

Story 1

Level or Stories 1

Construction Status Wood,Stucco

Schools

School District San Antonio I.S.D.

Others

Acceptable Financing Lease or Sale, Exchange, Cash, Conventional

Listing Terms Lease or Sale, Exchange, Cash, Conventional

Listed by Collin Newton • Centro Properties • (210) 268-9880

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agent

Andrew Corder

Agent | License ID: 0746652

+1(830) 452-1300

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1402 HOEFGEN AVE