8759 Grissom RdSan Antonio, TX 78251

Property Details for 8759 Grissom Rd

Year built

1982

Lot size

2.93 AC

Property size (Sq ft)

43,657 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $9,492,360

  6.5%

  $8,762,180

  7%

  $8,136,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,318,800

  Geo Method

  $10,318,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,317,600

  Mixed-Use / Specialty

  $8,637,800

  Hospitality / Lodging

  $6,216,000

  Office

  $8,489,460

  Institutional / Educational

  $8,946,540

  Residential Income

  $10,467,400

  Multifamily

  $13,070,500

  Automotive / Energy

  $7,668,460

  Parking / Income-Based Land

  $2,738,320

  Restaurant / Food Service

  $4,293,790

  Healthcare / Senior Housing

  $8,953,420

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

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