- San Antonio Medical Office Building For Sale – Across from NE Baptist Hospital – Under $75/SF -

This commercial office building (2nd general multi-tenant medical) is positioned well for a medical office user to own and occupy or a investor to purchase with intentions of leasing to medical office users performing procedures at NE Baptist Hosptial.

Executive Summary – 22,865 SF (20,614 Usable) San Antonio Medical Office Building for Sale

8800 Village Drive sits on .84 acres zoned C2 and priced at $1,700,000.00 ($74.35/SF)

Address/Location: 8800 Village Drive (close proximity to Starcrest/410)

Site Location: The subject property is located in NE San Antonio, TX with easy access to Loop 410, HWY 281, and IH35.  Building sits directly across the street from NE Baptist Hospital.  Functional second generation medical office improvements on the top two floors should position the property well for a medical office user to owner occupy or an investor to remodel the bottom floor and lease up.

Description: The subject property is legally described as a 23,089 SF office building on .84 acre commercial Land Tract.  The site features frontage on Village Drive.

Area: .84 Acres

Property Type: Medical Office Building

Zoning: C2

Highest and Best Use: Owner Occupant Medical Office User to occupy the entire bottom floor and lease up remaining small second generation medical office spaces upstairs.

Topography: Level at street grade

Utilities: Water-SAWS, Sewer-SAWS, Electricity-CPS, Gas-CPS, Telephone-AT&T

Access: Heimer from Village Dr (from 410)

Property Notes: 8800 Village Drive is a 23,089 SF (20,613 usable) multi-tenant medical office building with covered physician parking and 3rd floor physician storage. Both the ground floor and 1st floor have ground floor access to parking lots (G Parking and 1st Parking). The asking price of $1,700,000.00 is only $74.35/SF. In 2008 when the current owner acquired the property it was 83% with nearly $30k in gross monthly rent. The property is currently at 33% occupancy largely from the vacancy of one tenant. This site would be an ideal purchase for an imaging group (or other specialty physician practice doing procedures at NE Baptist) that could occupy the bottom floor and lease up the remaining upstairs vacancies.