425-427 S ST. MARYS
DOWNTOWN DISTRICT
LISTING PRICE - $2,300,000

This sale is for Bexar County tax parcels 009860000270 and 009860000310. This includes a commercial strip center with 2 bays (425-427 S St Mary's) as well as an adjacent parking lot in the rear. Properties are located within a 5 min walk from multiple pedestrian entrances to the San Antonio Riverwalk, the Tower Life building, and the heart of downtown San Antonio. Both commercial properties are currently occupied. When facing the front entrance on S Mary's, the left bay (425) is a 2101 sq ft law office with a lobby, multiple offices, kitchen, conference room and additional carpeted storage room in the partial second story. The right bay (427) is a 1778 sq ft restaurant with a kitchen and dining area and partial second story. The dining area has high coffered ceilings, brick flooring, ceiling fans, and a closet storage area. In the rear is the second parcel, the concrete parking lot strip, which has several parking spaces and exits to Jack White Way. Total building square footage = 3,879. Combined lots = 0.21 acre. Both parcels are currently zoned D which is described as "Downtown District. This zone provides concentrated downtown retail, service, office and mixed uses in the existing central business district. There are no building size or height limitations, and parking requirements are waived. Examples of permitted uses: bar/tavern, indoor theater, taxi & limousine service, residential uses, hotel, art gallery and/or studio, offices (no restrictions on square footage unless otherwise prescribed), and telephone equipment infrastructure. Both parcels are also labeled "Zoning Overlay HS RIO-3." River Improvement Overlay Districts impose additional height, design and use regulations to protect, preserve and enhance the San Antonio River and its improvements by establishing design standards and guidelines for properties near the river. Potential buyers wishing to change zoning and redevelopment should work with the city and determine options.