Part of Ingram Park Mall in San Antonio, Texas, Goes Up for Sale

The Ingram Park Mall, originally built in 1979, has once again become the center of attention in the city of San Antonio, as some of its areas are now up for sale.

According to an announcement by the real estate company CBRE, a portion of this San Antonio shopping center has been put on the market. It consists of two sections of the 1.1 million-square-foot property, with the listing including 22.92 acres of the total 83.57-acre site. However, as of now, the sale price for these two parcels of the property has not been disclosed.

Located on the Northwest Side at 6301 NW Loop 410, the Ingram Park Mall features a 375,044-square-foot commercial area, which, according to records from the Bexar Appraisal District and SABJ, is currently valued at $70.87 million.

On CBRE’s website, where the mall’s sale listing can be found, the great potential of the mall is emphasized, highlighting its added value and the significant opportunities it offers to investors, as well as its ability to attract new tenants to the 11% of space that is currently vacant.

With 88.8% of its space leased, the Ingram Park Mall represents an excellent investment opportunity, not only for potential buyers but also for those looking for a space to establish their business, as they would have prominent neighbors like Macy’s and Dillard’s, major chains that own most of the shopping center.

The Ingram Park Mall was originally developed by Simon Property Group in 1979, and in 2021, it changed hands after a Morgan Stanley affiliate acquired it for $100.7 million during a foreclosure auction.

Available Foreclosures:

San Antonio: 12 homes available

Northwest Side: 3 homes available

By Elías DaSilva | 3 de diciembre de 2024.