8759 Grissom RdSan Antonio, TX 78251

  • Retail properties
  • 43,657 SF
For Sale
$3,250,000 View listing

Property Details for 8759 Grissom Rd

Year built
1982
Lot size
2.93 AC
Property size (Sq ft)
43,657 SF
Property type
Retail properties
Property subtype
Retail space
APN
18773-074-0040
APU
187730740040

Description

This exceptional 43,623 square foot mixed-use property, located at 8759 Grissom Rd, San Antonio, Texas 78251, presents a compelling value-add investment opportunity. The Class C building, constructed in 1982 and renovated 15 years ago, sits on a highly trafficked location within close proximity to major roadways including 1604, Hwy 151, 410, and Bandera/Hwy 16. Benefitting from multiple access points and high visibility, the property boasts a strategic position along Grissom Rd (20,000 vehicles per day) and Culebra Rd. Currently housing a diverse tenant mix including Dollar General, CVS Pharmacy, Family Dollar, AutoZone, Tractor Supply, Firestone, Food Lion, and Goodwill, along with office spaces and a parish, the property offers significant upside potential. A resale shop also leases space twice annually. The building features two loading docks with two dock-high doors, accommodating 18-wheelers, and a 25-foot ceiling height. Ample parking is available in front of the building. The property is zoned C-3 and comprises one building with a total of 43,623 square feet. The asking price is $3,250,000. This property's prime location, strong tenant base, and substantial square footage make it an ideal investment for those seeking a high-return, mixed-use asset in a rapidly growing area of San Antonio. The former location of a major grocery store further highlights the property's potential for future development and expansion.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,928,945
    6.5%
    $11,011,333
    7%
    $10,224,810
  • Comparable approach

    Method
    Valuation
    Relative Method
    $25,003,254
    Geo Method
    $25,003,254
  • Alternative Use

    Use
    Valuation
    Residential
    $9,288,472
    Hospitality
    $8,508,190
    Educational
    $7,078,714
    Medical
    $7,322,162
    Retail
    $11,011,333
8759 Grissom Rd, San Antonio, Texas

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4804
Longitude
-98.6569
CBSA code
41700
CBSA name
SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$1,120,600
$2,254,080
$3,374,680
-
$1,120,600
$2,254,080
$3,374,680

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].