Investment Overview

Marcus & Millichap is pleased to exclusively offer 826 San Pedro Avenue, a flexible value-add investment and redevelopment opportunity located near Downtown San Antonio. The property consists of an approximately 9,044-square-foot building situated on approximately 0.20 acres. Its C-3 zoning permits a broad range of commercial uses, providing investors with multiple potential paths for repositioning or redevelopment. Seller financing is available, providing qualified buyers with an opportunity to acquire the property with reduced initial equity and greater transaction flexibility. The offering materials currently contemplate a 10 percent down payment, an 8.00 percent interest rate, and a five-year term; however, all financing terms remain subject to the Seller’s approval and final negotiation. The existing lease structure creates a near-term value-add opportunity. One occupied suite is leased month-to-month, another lease expires December 31, 2026, and a third suite is currently vacant. This structure gives a new owner the ability to lease the available space and pursue higher rental rates as the existing leases expire or are renegotiated, subject to market conditions and tenant negotiations. The currently scheduled below-market rents are $4,100 per month, or $49,200 annually. Alternatively, an investor may elect to operate the property for interim cash flow while evaluating entitlements, design, financing, and construction options for a future highest-and-best-use redevelopment. This combination of existing income, short-term lease flexibility, seller financing, and C-3 zoning makes the property suitable for investors seeking either near-term income enhancement or a longer-term medical, retail, service-commercial, or mixed commercial repositioning strategy.