$2,200,000
SqFt
2.03 Acre Lot
88,557 Sqft Lot
Price Type
Status Active
Property Type Industrial
Year Built 1965
Days on Website 86

Property Map

$2,200,000 – 1402 Hoefgen Ave, San Antonio, TX 78210

Street View

Courtesy of Centro Properties, Collin Newton {attribution_contact}

Description

1402 Hoefgen is a 2.03 Acre property located just a few hundred feet east of U.S 281 and 1.5 miles southeast of Downtown San Antonio. It features 12,950 Sf of net rentable area, three buildings, including one dedicated office building, two warehouses, covered parking and an additional 5,375 Sf of covered storage. Ownership recently completed several capital improvement projects including laying down new base for the yard, painting the buildings, upgrading the office and landscaping the property. The property offers investors the opportunity purchase the property with in-place cash flow, lease the remaining vacant space and stabilize at a market cap rate. Additionally, owner-users can occupy the remaining vacancy (6,809 Sf of office and shop space) and offset their costs with in-place income from the existing tenant. This property sits proximate to downtown San Antonio, hemisfair, southtown and less than a mile from the reported future home of the San Antonio Spurs. Long-term investors with a forward outlook are likely to benefit from the dynamic changes taking place just a short distance away.

Property Details and Features

Listing

  • Listing date: 2024-08-26 05:00:00
  • 85 days on market
  • 85 cumulative days on market
  • $170 per square foot

Location

  • County: Bexar
  • Area: 1100

Building

  • Built in 1965
  • Approximate age: 59
  • Building/center name: HOEFGEN INDUSTRIAL
  • Wood
  • Stucco
  • 12,950 square feet
  • 1,616 office square feet
  • 1 story
  • 11334 warehouse/industrial square feet
  • 3 buildings

Roof

  • Built-Up/Gravel
  • Flat

Interior Features

  • Ceiling height: 12

Cooling

  • Central
  • Window

Heating

  • Central
  • Window Unit

Lot

  • Lot size: 2.033

Property

  • Zoning: I-1

Schools

  • School district: San Antonio I.S.D.

Miscellaneous

  • Net leasable area: 12950
  • Monthly lease: $8,511
  • None
  • Semi-Dock
  • Grade Level
  • No
  • None
  • 6 drive-in doors
  • 3 rentals
  • 30 parking spaces
  • 3 units
  • Other tax: 9238.09

Taxes

  • Total tax: $37,162
  • City tax: $7,466
  • County tax: $3,809
  • $16,649 school tax
  • Property Tax ID: 000270000031

Utilities

  • Gas utility supplier: CPS
  • Electric utility supplier: CPS
  • Garbage utility supplier: SAWS
  • Water utility supplier: SAWS
  • Sewer utility supplier: SAWS
  • Electricity
  • Gas
  • Water
  • Telephone
  • Sewer

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