332 E. Adams St.
The property is zoned commercial residential office (CRO) and it is for sale for $200,000.
“It is a rather unique piece of property,” said selling agent Millie Kanyar of Watson. “It has a lot of potential. If it is redone substantially it could be used for commercial.”
Its most recent use was as a private residence. It has 4,300 square feet with six bedrooms and two bathrooms. It has been vacant for about a year.
“They have had three offers, but they were not accepted because they were below the asking price,” said Kanyar. “They are standing firm at $200,000.”
The house is being sold as is but it does need some work.
“It would be great as an office building or an attorney’s office,” said Kanyar. “There is enough space to house five attorneys with no problem. It could also be used for a bail bondsman, a bed and breakfast, a restaurant or a doctor’s office. It is up to whoever buys it to determine what they will do with it, but it would take quite a bit of repairs.”
The house was built in 1901. It has hardwood floors and very high ceilings.
“I believe it was one of the first homes built after the great fire of 1901,” said Kanyar.
As with most properties downtown, parking is a problem.
“There is minimal parking, but that is the case with just about everything downtown,” said Kanyar. “The house does need renovation, but it is a great location and has withstood the test of time.”
300 W. Adams St.
First Alliance Bank Building
There are 3,551 square feet available on the sixth floor of the building. It has only been vacant for about one month and was previously occupied by Constangy Brooks & Smith law firm.
“We are subleasing the space and the sublease ends in March 2002. The new tenants can continue to stay at a new rate when the sublease ends,” said Fran Pepis, leasing agent with Colliers Dickinson.
The sublease rate is $2,680 a month, including four parking spaces.
Pepis said she has had a lot of interest in the space from various groups.
“Attorneys, financial management groups and a lot of people that are associated with or do work for attorneys have looked at it. We also had Federally funded agencies looking at the spot,” said Pepis.
The building is two blocks south of Hemming Plaza.
“It is a great location and one of the last buildings in the area that will remain standing after the city takes over several buildings in the area,” said Pepis. “It’s one block from the federal courthouse and the new library. It’s definitely centrally located.”
The tenants in the the buildings that are being taken over by the City are currently looking at the space as well.
“The space is built right now for attorneys,” said Pepis. “It has built-in shelves for the library. It does not need any renovations; it is in move-in condition.”
The building was built in 1956. When it was purchased five years ago, the owner gutted the building, did a total renovation and upgraded it to code.
2002 San Marco Blvd..
This is a small space available in San Marco Square.
“It’s a second floor space in the building that was formerly Petersen’s Five and Dime,” said Steve Tool, leasing agent with Grub and Ellis Phoenix Realty. “It has hardwood floors, exposed rafter ceilings and that feel of a New York City loft.”
The space is 862 square feet and has been vacant for two months.
Camille’s photography was in the space before and Tool said he thinks another artist would make good use of the space.
“We’ve had other photographers looking at it and a lot of other creative types looking at it,” he said.
The space is leasing for $17 per square foot. That includes everything except janitorial and telephone service.
How’s the parking situation?
“That’s the drawback,” said Tool. “There is no parking with the building, but Southside Baptist Church recently completed a parking lot one block away that they make available to San Marco merchants and people visiting the square.”
Tool said the selling point is that it is right in the middle of San Marco Square.
“One doesn’t have to look far to see recognize the advantages of being in the Square,” said Tool. “It would be a really good space for a small practice attorney or any professional type services. It’s a creative space because of that loft feeling, but it would also be good for someone who lives in San Marco and would like to walk to work.”
The area is a three room suite. It has a reception area, a private office and a larger room that could be another private office or a studio.