Marcus & Millichap is pleased to present the opportunity to acquire the property located at 309 South Salado Street in San Antonio, Texas. The subject property consists of approximately 35,000 square feet of warehouse space and is situated on 1.55 acres of land. The five-building asset features heavy industrial zoning, a clear height ranging between 15’ to 22’, three dock-high doors, and three-phase heavy power. Due to the condition of the vacant property, only 19,500 square feet are usable and rentable, offering buyers a redevelopment opportunity to demolish the property for industrial outdoor storage (IOS) or new infill construction. Located just off the junction of Interstates 10 and 35 in the Downtown area, the property sits within walking distance to VIA Centro Plaza (main bus station) and The University of Texas at San Antonio (UTSA) Downtown Campus. With the recent announcement of plans to acquire the 18-story office tower known as One Riverwalk Place, UTSA is undergoing its master plan to expand both its main and downtown campuses, benefiting the surrounding areas.
The subject property is positioned within the midsized Northwest submarket, containing 17 million square feet of industrial space. After experiencing the largest increase in speculative supply on record in 2023 with net deliveries at nearly 655,000 square feet, the inventory stabilized last year. Demand remained positive in 2024 at about 130,000 square feet, allowing the vacancy rate to buck the national trend, staying at 5.9 percent. At the start of 2025, only 61,400 square feet were under construction in Northwest, putting demand back in the driver’s seat of vacancies and rent growth for the foreseeable future (CoStar).
Home to the Alamo and famous River Walk, San Antonio metro is the primary residence of 2.7 million people. San Antonio is the second most populous city in Texas behind Houston, housing more than 1.5 million residents. The local economy is anchored by the industries of healthcare, tourism, and national defense. An extensive transportation network provides shipping options to domestic and international markets. Additionally, the formation of the Eagle Ford Shale that runs through Atascosa and Wilson counties has cultivated a thriving energy sector. Valero Energy, one of the largest oil companies in the U.S., is headquartered in San Antonio. Major private employers include AT&T, Wells Fargo, USAA, and Toyota. San Antonio offers a high quality of life with a variety of entertainment including the NBA’s San Antonio Spurs, SeaWorld, and Six Flags.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0490013)
