700 Zarzamora StSan Antonio, TX 78207

Property Details for 700 Zarzamora St

Year built

1975

Lot size

1.81 AC

Property size (Sq ft)

52,416 SF

Property type

Commercial real estate

APN

02427-001-0270

APU

24270010270

Description

This exceptional investment opportunity presents a four-story, 49,179 square foot Class B office building located at 700 S Zarzamora St, San Antonio, Texas 78207. The property, built in 1975 and renovated in 2016, sits on a 1.81-acre lot (APN: 02427-001-0270) and boasts a 100% occupancy rate, generating a strong Net Operating Income (NOI) of $433,156, representing a 9.63% capitalization rate. The asking price is $4,500,000, translating to a price per square foot of $91.50. The building is zoned C-2, O-1 and features a mix of medical and professional office tenants. Recent improvements include a painted and power-washed exterior (pre-Q2 2020), the addition of digital signage and security cameras, and Secure Open Path Security. While the roof is over 20 years old and lacks a warranty, it's reported to be in good condition with no leaks since acquisition. This stabilized investment is situated in a growing San Antonio submarket, offering close proximity to other medical complexes and retail assets, ensuring strong tenant demand and long-term value appreciation. This property represents a compelling opportunity for investors seeking stable cash flow and significant return on investment within a thriving commercial district.

• Alternative Use

  Use

  Valuation

  Residential

  $10,827,366

  Hospitality

  $9,917,809

  Educational

  $8,251,500

  Medical

  $8,535,282

  Retail

  $12,835,668

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4213

Longitude

-98.5272

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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