For Sale

603 Bandera - Corner Restaurant + Apartment | Turnkey Equipment | Validated Corridor

603 Bandera Rd,
San Antonio, TX 78228
Represented by
eXp Commercial

Asset Snapshot

Anchor Store
Retail Subtype
1960
Year Built
1990
Year Renovated
1
Floor Count
2
Building Count
0.43 Acres
Land Area

Offering Summary

Investment Overview

Corner Opportunity, Priced to Move 6,025 SF corner property (4,781 SF restaurant + 1,245 SF apartment) on 0.43 acres with 25,000 VPD visibility on Bandera Road. C-2 zoning permits restaurant, retail, professional office, or medical office use, with three points of access at the corner of Bandera and W. Ashby. Now priced at $599,000, well under comparable buildings currently on the market in this corridor. Corridor Positioning Bandera Road between I-10 and Loop 410 continues to draw national brand investment and steady leasing activity, with this corner sitting directly in the path of that momentum. St. Mary's University is adjacent, Ingram Park Mall is 10 minutes away, and the surrounding submarket has posted a 181% year-over-year jump in leasing activity. For Restaurant Operators ● Space built out for restaurant use, ready for a new concept or continued food service operation ● Select equipment in place; certain items are subject to third-party lease and available for assumption ● Corner visibility on a 25,000 VPD corridor builds brand recognition from day one ● Upstairs apartment offers live-on-site flexibility while establishing the business, housing for a key employee, or supplemental rental income For Retail & Professional/Medical Office Users ● C-2 zoning permits retail, professional office, and medical/dental office use without a zoning change ● Medical Center (15 min) and St. Mary's University (adjacent) provide a built-in institutional client base ● High-income demographics (1-mile median household income of $51,932) support professional and specialty retail service ● Apartment converts to employee housing, secure storage, or an added rental income stream For Value-Focused Buyers ● Priced below comparable sales on a 0.43 AC corner site in a corridor with proven national brand activity ● Existing structure suitable for continued use as-is, renovation, or redevelopment, subject to buyer's own due diligence ● Lease the commercial space and apartment separately for dual income streams, or hold for corridor appreciation ● Corner sites of this size on Bandera Rd have drawn sustained brand and investor interest in recent years Site Details ● Corner position, 3 access points (Bandera Rd frontage + dual W. Ashby Pl access) ● 25,000 VPD on Bandera Road, multi-directional corner visibility ● C-2 zoning: restaurant, retail, professional office, medical office permitted ● No tenant leases in place - immediate possession at closin Current Status Owner-occupied restaurant closing. Real estate sale only. Select FF&E conveys; certain equipment is subject to third-party lease and available for assumption or removal at buyer's discretion. Traffic 25,000 VPD on Bandera Road. Corner visibility with multi-directional exposure. Submarket Metrics ● Vacancy: 4.5% (submarket) vs. 3.8% (market) ● 12-Month Leasing Activity: 794,221 SF (+181% YOY) ● Average Days on Market: 10.5 months Proximity ● Downtown San Antonio: 15 min ● San Antonio River Walk: 15 min ● San Antonio International Airport: 20 min ● St. Mary's University: 3 min | 3,457 students, 266+ faculty/staff ● Ingram Park Mall: 10 min | 1.2M SF regional anchor


Investment Highlights

  • ● Priced below comparable Bandera Rd sales - $99/SF on the building, under every recent nearby listing
  • ● 1,245 SF apartment | Live/work, employee housing, or rental income potential
  • ● 0.43 AC corner site in a proven corridor
  • ● C-2 zoning | Restaurant, retail, professional office, medical office permitted
  • ● Corner site with 25,000 VPD | 3-point access configuration
  • ● National brands validate corridor (Raising Cane's, Dunkin', Pizza Hut, Dutch Bros nearby)
  • ● St. Mary's University adjacent | Medical Center 15 min | $51,932 median income (1-mile)

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Listing Syndicated From

Buildout
For Sale
$599,000
Asking Price

Investment Sales Broker

Drew Whelchel
eXp Commercial