Investment Overview

Marcus & Millichap is pleased to offer for sale the medical or retail development opportunity located at 826 San Pedro Avenue in San Antonio, Texas. Constructed in 1924, this 9,044 square-foot building that sits on an 8,632 square-foot lot is zoned C-3, allowing for various intensive commercial uses such as bars, auto repair, and dry-cleaning plants. The 35-foot building height limit allows for modest expansions or remodels. The structure consists of three units, with one leased to a long-term tenant, the Reggae Bar, while the other two units have experienced tenant turnover, presenting opportunities for lease stabilization or redevelopment. The property is slated for redevelopment into medical or retail spaces. San Antonio is home to one of the largest concentrations of healthcare facilities in Texas, making medical redevelopment projects highly attractive. With a strong presence of hospitals, clinics, and medical research institutions, the city serves as a healthcare center for South Texas and surrounding regions. The property’s location near several major hospitals, including Methodist Hospital, Baptist Medical Center, and University Health. A retail redevelopment would serve both the residential population and the medical workforce in the area. The site’s strategic location near downtown San Antonio, with high consumer traffic and easy access to major highways like Interstate 35 and Interstate 10, makes it an attractive destination for a variety of retail businesses. The nearby San Antonio College campus, with its large student body, further adds to the potential customer base for retail tenants. As the area continues to grow, the demand for convenience-focused retail outlets, such as cafes, pharmacies, and service-oriented businesses, is expected to rise.