126 E Main Plz - Apartments FOR SALE


San Antonio, TX 78205- Historic San Antonio
$8,000,000 USD
210-386-3970
126 E Main Plz, San Antonio, TX for Sale
$8,000,000 USD
Apartments - FOR SALE
1/106
null | Request Cap Rate

126 E Main Plz
San Antonio, TX 78205
Historic San Antonio


HIGHLIGHTS

  • Value add in excellent location on the Riverwalk front with beautiful views of Downtown
  • Zoned DH (Downtown District Historic District and Landmarks) HS (Historic Significant) RIO-3 (River Improvement Overlay).
  • Terrace overlooking the river on the third and fifth floor.
  • 48 units plus 2 penthouses with a variety of floor plans.
  • 13,280 sf Retail space 100% occupied plus cell tower income
  • 11,000 sf Basement available for lease or owner occupant. Current finish out for general office.

OVERVIEW

Overlooking the Riverwalk in the historic Main Plaza in downtown San Antonio, Texas, the Morris Hotel & Apartments sits across the street from the Bexar County Courthouse, San Fernando Cathedral and a few steps from the Spanish Governor Plaza. Built in the early 1900s with fireproof construction consisting of unreinforced masonry, brick curtain walls, concrete floors, metal lath and plaster walls, the building was converted into apartments in the 1950s to include a total of 50 residential units, 11000 sf of commercial space on the ground level and about 7000 sf of fully finished out basement. Right in the epicenter of San Antonio's Downtown, building is about 1/2 a mile of The Alamo, Convention Center, Hemisfair park, and marvel Project to the East, about 1/2 to the UTSA Downtown to the West and equal distance to the Mission Ball Park to the North and the historic King William neighborhood to the South. The basement is currently finish out for general office and is available for owner occupant or new tenant. "Priced well below tax assessment value"

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

50

PRICE/UNIT

$160,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Main Plaza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

DH

APN/PARCEL ID

00118-001-0010

ASK ABOUT THIS PROPERTY

Jeremy JessopJJ Real Co.More Info
210-386-3970

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Jeremy JessopJJ Real Co.More Info
210-386-3970

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.