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Listing provided courtesy of Thomas Martinez of Leverage Realty Consulting Group. Last updated 2025-11-02 12:11:22.000000. Listing information © 2025 LERA MLS.

Asking Price: $189,900

12064 Park Road 37, Lakehills TX 78063

Community: ​Bandera

This Multi-Use property was built in 1955 and is priced at $189,900. Please see the additional details below.

  • 15,500 Sq Ft
  • bathrooms
  • bedrooms
  • MLS#: 1875285
  • Type: Multi-Use
  • Year Built: 1955
Located in the high-growth corridor northwest of San Antonio on Park Road 37, this unrestricted property offers a 23.72% pro-forma cap rate (solely from rental income) and flexible options to lease a minimum of six spaces (up to eight without expansion) or combine as a tenant and owner-user mix. Spanning seven lots, the property features a mixed-use building, a covered detached patio with an adjacent structure (possible food stand QSR), multiple storage structures, and two to four RV or tiny home pads with full hookups. A 1950s Spartan Mansion is seamlessly integrated into the building, creating a distinctive setting for retail, office, or lodging use. Significant updates to the building and grounds, including utilities, aesthetics, and site improvements make this a turnkey opportunity for long-term leases or short-term rentals. Water, sewer, and electricity are already on-site. With easy access to the new H-E-B grocer at Hwy 211/Culebra Rd, Alamo Ranch, Helotes, Bandera, and Medina Lake, plus ample parking and natural shade from mature oaks and cedars, this versatile property is full of potential. Schedule your tour today!

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San Antonio, TX 78257