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348 Alves Lane

New Braunfels, TX 78130
  • $650,000
  • STATUS: Active
  • ON SITE: 117 Days
  • MLS #: 525612
Price Reduced
UPDATED: 79 min ago
$650,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,775
    SQFT
  • $234
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1985
County:

School Ratings & Info

School District:


© 2024 Central Texas MLS.
Listing courtesy of Angela Row of Keller Williams Heritage: (210) 493-3030.

Description

Excellent Investment Opportunity! This property includes an incredible turnkey commercial catering kitchen fully equipped with everything a Chef could want and more. Exit the kitchen into a formal tasting room with 2 office spaces, an employee lounge, laundry room and full bath with shower that could be considered a 2 bedroom apartment. There are two storage buildings, commercial smoker and a 30 & 50 amp RV/Food Truck hookups. It has operated as a catering kitchen for 30+ years and is currently 100% leased by a catering company. It is located just a half mile from the popular Town Center at Creekside in New Braunfels, Texas. There are multiple opportunities for this property making it a great tenant investment. Current tenant has almost 2 years remaining on lease, generating an incredible 13.29% cap rate for the owner. It can be used for a catering prep kitchen, take out food service, commissary and ghost kitchen rental just to name a few. New Braunfels is one of the top 10 fastest-growing cities in the country making it a prime location.

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© 2024 Central Texas Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Home Team LLC. Data last updated: 2024-02-28T12:06:14.01.
www.therealestatehometeam.com/homes/144953866
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348 Alves Lane New Braunfels, TX 78130

  • Price: $650,000
  • Status: Active
  • On Site: 117 Days
  • Updated: 79 min ago
  • MLS #: 525612
0
Beds
0
Baths
0
½ Baths
0.27
Acres
2,775
SQFT
$234
$/SQFT
1985
Built
Neighborhood:
Anitas Acres
County:
Comal
Area:
New Braunfels
School District:
Comal ISD
Property Description
Excellent Investment Opportunity! This property includes an incredible turnkey commercial catering kitchen fully equipped with everything a Chef could want and more. Exit the kitchen into a formal tasting room with 2 office spaces, an employee lounge, laundry room and full bath with shower that could be considered a 2 bedroom apartment. There are two storage buildings, commercial smoker and a 30 & 50 amp RV/Food Truck hookups. It has operated as a catering kitchen for 30+ years and is currently 100% leased by a catering company. It is located just a half mile from the popular Town Center at Creekside in New Braunfels, Texas. There are multiple opportunities for this property making it a great tenant investment. Current tenant has almost 2 years remaining on lease, generating an incredible 13.29% cap rate for the owner. It can be used for a catering prep kitchen, take out food service, commissary and ghost kitchen rental just to name a few. New Braunfels is one of the top 10 fastest-growing cities in the country making it a prime location.
Exterior Features

Construction Materials Lap Siding Exterior Features Lighting Propane Tank Leased Storage Foundation Details Slab Parking Features Fourormore Spaces Parking Spaces Roof Composition Shingle View None View YN No Waterfront YN No

Interior Features

Cooling Item1 Unit Cooling YN Yes Flooring Concrete Tile Heating YN Yes Levels One

Property Features

Accessibility Features None Association Amenities Storage Community Features Storage Facilities Property Condition Resale Property Subtype Commercial Road Surface Type Asphalt Gravel Security Features Security System Fire Sprinkler System Utilities Electricity Available Natural Gas Available Propane Phone Available Trash Collection Public Water Source Public



© 2024 Central Texas MLS.
Listing courtesy of Angela Row of Keller Williams Heritage: (210) 493-3030.



© 2024 Central Texas Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Home Team LLC. Data last updated: 2024-02-28T12:06:14.01.
 
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The Real Estate Home Team LLC
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© 2024 Central Texas MLS.
Listing courtesy of Angela Row of Keller Williams Heritage: (210) 493-3030.