MLS# 1804692 – 5402-5414 W Military Dr, San Antonio, TX 78242

Price: $1,500,000
Lot Size Acres: 1.28
Lot Size SqFt: 55,756
Status: Active
Property Type: Apts/retail/strip/busprk
Year Built: 1967
Days on Website: 197

Courtesy of Sun Larson, Sun Larson (210) 348-0066

Property Description

Fully leased retail strip center conveniently located on a busy high traffic main Military Drive, directly across from Lackland AFB. Long term tenants on a 2 to 3 year lease basis. Current rent is below market rate. Potential for upside cap rate by new management. First building is a strip center with 6 tenants in 8,302 sq, the second building is a 1,748 sq stand alone restaurant, leased to a long term tenant. Motivated seller. Make offer!

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Property Details and Features

  • Listing
  • Listing date: 2024-08-28 05:00:00
  • 197 days on market
  • 197 cumulative days on market
  • $149 per square foot
  • Location
  • County: Bexar
  • Area: 2200
  • Building
  • Built in 1967
  • Approximate age: 58
  • Building/center name: ROYAL GATE CENTER
  • Brick
  • 10,050 square feet
  • 10,050 retail square feet
  • 1 story
  • 2 buildings
  • Foundation
  • Slab
  • Roof
  • Flat
  • Interior Features
  • Ceiling height: 9
  • Lot
  • Lot size: 1.28
  • Property
  • Zoning: COMMERCIAL
  • Schools
  • School district: South San Antonio.
  • Miscellaneous
  • Gross income: 144120.00
  • Net leasable area: 10050
  • Monthly lease: $0
  • Insurance: 8347.00
  • None
  • Actual
  • None
  • No
  • None
  • 7 rentals
  • 60 parking spaces
  • 7 units
  • Other tax: 0.00
  • Taxes
  • Total tax: $39,005
  • Annual tax: $39,005
  • City tax: $8,611
  • County tax: $11,820
  • $18,574 school tax
  • Property Tax ID: 152860220200
  • Utilities
  • Electricity
  • Gas
  • Water
  • Telephone
  • Sewer
  • Cable TV

Property Map

$1,500,000 – 5402-5414 W Military Dr, San Antonio, TX 78242

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