Investment Overview

Marcus and Millichap has been exclusively retained for the sale of 300 Salmon St, a vacant commercial property in Stockdale, TX. Formerly the only skilled nursing facility serving the community for over 60 years, this property sits on .97 acres and takes up the whole corner block between School St. and S 8th St. The owners consolidated a small plot of adjacent land, providing additional parking. While requiring renovations to reach its highest and best use, this property can accommodate a multi-tenant buildout, and would be suitable for various uses such as single or multi-tenant offices, community centers, daycares, healthcare facilities, multifamily conversion, non-profit, governmental or construction-related trades. The outdoor space is ideal for active gatherings and community engagement. This abandoned and gutted 13,000 square foot, one-story skilled nursing facility presents a unique opportunity for a buyer looking to capitalize on its potential. Although the building is currently just wooden frames and wires with no sheetrock, the blank slate allows for endless possibilities in terms of design and layout. The building is in need of significant renovations including new plumbing, HVAC, and electrical work, but the potential future use of this space is vast. With its large square footage and single-story layout, this facility could be transformed into a daycare center, assisted living facility, medical office, or even a community center. The possibilities are endless for a buyer with the vision and resources to bring this property to its full potential. Stockdale is a small city in Wilson County, Texas with a population of around 1,700. It's located about 45 miles southeast of San Antonio and is known for its annual Watermelon Jubilee. The local economy is primarily driven by agriculture, but the city is also actively working to attract larger companies and businesses to the area to help boost the economy. There are plans for future residential housing developments, which will further enhance the city's growth and development.