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Listing Courtesy of: collin@centroproperties.net - Collin Newton - Centro Properties 210-224-2213

$2,200,000

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1402 HOEFGEN AVE San Antonio, TX 78210

General Commercial Residence

Beds

Baths

12,950 Sq. Ft.

2.03 Acre Lot

Property Activity

Time on Site

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Last updated on 11/4/2024 9:22 PM

Listing Details

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 co...vered 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. Continue reading

MLS#

1803992

Property Type

General Commercial

Year Built

1965

Square Feet

12,950 sq. ft

Price per Sq. Ft.

$169.88

Lot Size

2.03