126 Main Plaza
- Mixed use historic building on the Riverwalk
- The building is zoned DH (Downtown District Historic District and Landmarks) HS (Historic Significant) RIO-3 (River Improvement Overlay).
- 11,000 sf of retail space 100% occupied
- 48 Residential units. Unit Mix: 3x 2B/1B, 21x 1B/1B, and 24x efficiency.
- 2 penthouses on the fifth floor.
- The building is zoned DH (Downtown District Historic District and Landmarks) HS (Historic Significant) RIO-3 (River Improvement Overlay)
- Financials available upon request
- Units’ size range from low 200 to mid 600sf.
- High occupancy with upside potential.
- 11,000 sf basement available for lease or owner occupant.
Property Description
Overlooking the Riverwalk in the historic Main Plaza in downtown San Antonio, Texas, The Morris Apartments sits across the street from the Bexar County Courthouse, San Fernando Cathedral and a few steps from the Spanish Governor Plaza. Built in the early 1900s with fireproof construction consisting of unreinforced masonry, brick curtain walls, concrete floors, metal lath and plaster walls, the building was converted into apartments in the 1950s to include a total of 50 residential units, 11000 sf of commercial space on the ground level and about 7000 sf of fully finished out basement. Right in the epicenter of Downtown San Antonio, building is about 1/2 a mile of The Alamo, Convention Center, Hemisfair park, and marvel Project to the East, about 1/2 to the UTSA Downtown to the West and equal distance to the Mission Ball Park to the North and the historic King William neighborhood to the South.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 50 |
| Year Built: | 1925 |
| Lot Size: | 0.28 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout