Skip To Content

820 N Alamo St

San Antonio, TX 78215
  • $1,125,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 1636268
UPDATED: 50 min ago
$1,125,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,016
    SQFT
  • $280
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

School District:

Description

820 N Alamo is an exceptional property in one of the most popular areas of downtown San Antonio. Demand for the area in addition to increased development within a half-mile radius create a prime investment opportunity. The 9 unit building is being offered as-is for an investor to finish the rehab and capitalize on the market appreciation. This is a unique opportunity to own property in a great location near downtown San Antonio and Pearl, just a few steps away from many restaurants, breweries, and a CrossFit gym. The building is split into 9 units and a flexible zoning designation allows for anything from long-term or mid-term rentals, office space, retail and more! The work completed at present consists of: Foundation, framing, new electrical, new plumbing, insulation, and drywall. It is ready for a new buyer to step in and finalize renovations to bring the historic building back to its original glory. There is potential for extra income on the property via parking and laundry. In addition, there are tax advantages associated with the property. Following substantial rehabilitation of residential properties, City property taxes are frozen at the assessed value prior to rehabilitation for up to 10 years. Substantially rehabilitated commercial properties are eligible for the 5 Zero/5 Fifty tax exemption: no City property taxes are owed for the first five (5) years, and for the next five (5) years the City property taxes are assessed at 50% of a post-rehabilitation appraisal after the 5th year. The tax exemption for substantial rehabilitation remains with the property regardless of change of ownership or sale of the property." The aforementioned information can be found on the historic society of San Antonio website.

Monthly Payment Calculator



© 2022 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Exquisite Properties, LLC. Last updated 2022-12-01T23:32:40.04.
www.exquisitesa.com/homes/132850923
Print Image

820 N Alamo St San Antonio, TX 78215

  • Price: $1,125,000
  • Status: Active
  • On Site: 86 Days
  • Updated: 50 min ago
  • MLS #: 1636268
0
Beds
0
Baths
0
½ Baths
0.15
Acres
4,016
SQFT
$280
$/SQFT
1930
Built
Neighborhood:
San Antonio
County:
Bexar
Area:
San Antonio
School District:
San Antonio I.S.D.
Property Description
820 N Alamo is an exceptional property in one of the most popular areas of downtown San Antonio. Demand for the area in addition to increased development within a half-mile radius create a prime investment opportunity. The 9 unit building is being offered as-is for an investor to finish the rehab and capitalize on the market appreciation. This is a unique opportunity to own property in a great location near downtown San Antonio and Pearl, just a few steps away from many restaurants, breweries, and a CrossFit gym. The building is split into 9 units and a flexible zoning designation allows for anything from long-term or mid-term rentals, office space, retail and more! The work completed at present consists of: Foundation, framing, new electrical, new plumbing, insulation, and drywall. It is ready for a new buyer to step in and finalize renovations to bring the historic building back to its original glory. There is potential for extra income on the property via parking and laundry. In addition, there are tax advantages associated with the property. Following substantial rehabilitation of residential properties, City property taxes are frozen at the assessed value prior to rehabilitation for up to 10 years. Substantially rehabilitated commercial properties are eligible for the 5 Zero/5 Fifty tax exemption: no City property taxes are owed for the first five (5) years, and for the next five (5) years the City property taxes are assessed at 50% of a post-rehabilitation appraisal after the 5th year. The tax exemption for substantial rehabilitation remains with the property regardless of change of ownership or sale of the property." The aforementioned information can be found on the historic society of San Antonio website.
Exterior Features

Construction Wood Drive In Doors 0 Loading Facilities None Rail Service No Roof Flat Total Parking 18

Interior Features

Ceiling Height 12 Heating Central

Property Features

Approx Age 92 Available With Lease No Building Center Name Unknown City Tax 2215.72 Commercial Type Apartments County Tax 1190.66 Flood Plain None Lease Only No Monthly Lease 0 Other Tax 1170.09 Potential Short Sale No Proposed Terms Cash Rentals 2 Restrictions None Sale Includes BuildingsLand Sale Rent For Sale School Tax 6244.46 Total Tax 10820.93 Utilities ElectricityGasWaterSewer Zoning Fbz T4-2

Listing information © 2022 San Antonio Board of REALTORS®.
Listing provided courtesy of John Duvall of Birchwood Realty Group: john@johnduvall.com, (210) 264-3937.


© 2022 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Exquisite Properties, LLC. Last updated 2022-12-01T23:32:40.04.
 
https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_1_1636268-2.jpg https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_1_1636268-2.jpg https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_1_1636268-2.jpg
Logo
Exquisite Properties, LLC
1270 N Loop 1604 E, Suite 1201
San Antonio TX, 78232