Development Site, Former Gold's Gym

Land Description

Online Auction Nov. 13-15, 2023.

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Investment Highlights

±3.678 Acre Value-Add Land Opportunity (Former Gold's Gym site) Available at Substantial Discount Below Market Value

Development Opportunity with Paved Parking, Utilities and Drainage on site; Zoned C-3, Commercial District

Situated near many of San Antonio's Most Popular Attractions, Medical Facilities, Local Businesses, and Airport

Less Than 1-Mile From I-10 (±168K Vpd); 120 ft frontage Prue Rd (±10K Vpd); just West of Fredericksburg Rd (±20K Vpd)

Nearby National Retailers: Home Depot, Tesla, Walmart, Best Buy, Heb, Rei, Marshalls, Cracker Barrel, Panera, and more

Surrounding Traffic Drivers: Usaa Corporate Headquarters, Siemens, University Health, University of Texas San Antonio

High population density with ±317,755 individuals residing within a 5-mile radius, and average household income of & Millichap and RI Marketplace are pleased to present a commercial development opportunity (former retail building) located at 5025 Prue Road in San Antonio, Texas (the “Property”). The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development.

The Property was formerly a Gold's Gym and since been demolished offering potential investors the ability to acquire a land play that is ideal for future commercial/retail redevelopment by an end-user or build-to-suit developer looking to capitalize on San Antonio's thriving market. The Property offers 120' feet of frontage on Prue Road (±10K Vpd) just west of Fredericksburg Road (±20K Vpd) and offers one point of egress/ingress. This former Gold's Gym is easily accessible and located just ±1-mile from the heavily trafficked I-10 (±168K Vpd) and less than 10-minutes from I-410 offering easy access to the greater area and other major TX markets. The Property is zoned “C-2”, limited commercial, and offers favorable flexible zoning allowing for a variety of commercial uses.

San Antonio remains one of the nation's most stable office markets, as demonstrated by its long-term growth and tight occupancy rate. Home to the Alamo and famous River Walk, the San Antonio metro is located in the southern portion of central Texas and straddles the Interstate 35 Corridor, one of the fastest-growing areas in the state. The area is further enhanced by an extensive transportation network that provides shipping options to domestic and international markets, as well as the Eagle Ford Shale formation that runs through Atascosa and Wilson counties. The Property's neighborhood is bound by the northwest I-10 corridor running from 1-410 on the south to Loop 1604 on the north. This corridor is dominated by office, retail, hospitality, with some industrial in the mix. The Property is positioned just ±7-minutes from the University of San Antonio Texas with approximately 38,400 students enrolled in the fall of 2023. The Property is also located less than 1-mile from Huebner Oaks shopping center with over 50 stores and restaurants. Nearby attractions include Six Flags Fiesta Texas amusement park, SeaWorld Marine Park the historic Alamo landmark and museum, the Alamo dome multipurpose facility, At&T Center, San Antonio Zoo and Aquarium, the San Antonio Botanical Garden, and the McNay Art Museum. Convenient access to major employers including Usaa office campus with ±5M SF of office, Valero Corporate HQ, UnitedHealth Group, San Antonio Medical Center, and the FBI building. The Property benefits from dense demographics and has ±317,755 individuals residing within a 5-mile radius, with an average household income of P. Fisher

Fisher Auction Company Inc.

License: 10344