Single-Tenant, 2nd Generation Restaurant
All Restaurant Equipment Is Included
Land Size: 9,754 Sf
Year Built: 1960
Year Renovated: 2024
Traffic Counts: 3,280 VPD on S. Presa
Zoning: C-2
Parking 11 Spaces
The Subject Property sits in the heart of Southtown, one of San Antonio’s oldest and most well-established neighborhoods. Developed in the mid 1800’s, the immediate area is defined by Victorian, Greek Revival and Italianate style homes to the west and smaller historically appointed cottages found to the east. This vibrant community is the epicenter of San Antonio’s art’s district, including Blue Star, Villa Finale, Ruby City and Art Pace to name a few. Along South Alamo, South Presa and South St. Mary’s, one will find the finest dining in the city. Within a 6-block radius of the Subject Property, there are over forty restaurants and bars including several Michelin rated restaurants like Mixtli and Leche de Tigre. Other popular nearby restaurants include La Panaderia, Gus’ Fried Chicken, Pharm Table, Battalion, La Frite, Maverick, Rosarios, Bar Loretta and Guenther House.
The Southtown, King William and LaVaca neighborhoods also play host to numerous events throughout the year. Every 1st Friday of the month, South Alamo Street is transformed into a vendor market where one can find artisanal goods, local foods, live music and interactive events for both families and adults. It is San Antonio’s longest running monthly art event, bringing in several thousand locals and tourists. Likewise, during Fiesta, San Antonio’s equivalent to Mardi Gras, Southtown plays a vital role by hosting the King William Fair. This one-day event that attracts 35,000 visitors and boasts 200+ vendors generates a significant economic impact that provides grants for artists and artisans alike.
While Southtown is defined by its historical charm and fine dining, the immediate area boasts the most affluent community in San Antonio’s urban core. Southtown is home to several major employers in San Antonio including United Way, Rico’s Nachos, Pioneer Flour Mills, and H-E-B, the 5th largest private company in the United States with 150,000 employees and revenues of over $40B annually. Additionally, dozens of independent law firms, real estate companies, doctors, accountants and white-collar employers call Southtown home.
In addition to receiving support from residents and local businesses alike, the Subject Property benefits from downtown San Antonio, just 0.5 miles north. Within downtown San Antonio, one will find the likes of the Alamo, Riverwalk, Alamodome, Convention Center and Hemisfair Park. Each year the San Antonio Convention Center (0.4 miles from the Subject) hosts over 120 events. This results in an economic impact of nearly $700,000,000 and nearly 900,000 hotel nights booked across 60+ hotels.
The walkability of Southtown together with its attractive setting, charming housing stock, employment back-up and built-in entertainment has spurred an increase in dense housing stock. Since 2011 Southtown and the surrounding neighborhoods have added +3,000 Class “A” apartments to a neighborhood that previously only featured rental homes and boutique apartments. Institutional investors continue to flock to Southtown as well. Oxbow (who developed the Pearl) will deliver Aldea, a 40,000 Sf mixed-use project featuring office, retail and 250 Class “A+” apartments to the market in 2028 (this development sits 900 feet to the north of the Subject Property).
The city of San Antonio is on track to execute on its most ambitious plan to date. With a price tag of +$3 billion, Project Marvel is set to transform the corner of Cesar Chavez and U.S 281. The city, together with private investors, will create an entertainment district complete with a brand-new stadium for the San Antonio Spurs. This site is located 0.5 miles from the Subject and will impact the economics of the city for decades.