348 Alves Lane, New Braunfels

$650,000

0 Beds
0.0 Baths
2,775 Sqft
.27 Acres
Four or more Spaces, Parking Space(s)

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.

Property Details

348 Alves Lane is a commercial property on a 0.27 acre lot which offers built in 1985, and is 2,775 square feet in size. Priced at $650,000, this property is ready for your enjoyment. Contact us if you would like to preview 348 Alves Lane, New Braunfels, Texas.

Essential Information
MLS® #525612
Price$650,000
Bathrooms0.0
Square Footage2,775
Acres0.27
Year Built1985
TypeCommercial
Sub-TypeCommercial
Water Feature/ViewNone, None
StatusActive
Days on Website177
Community Information
Address348 Alves Lane
SubdivisionAnitas Acres
CityNew Braunfels
CountyComal
StateTexas
Zip Code78130
Amenities
AmenitiesStorage
FeaturesStorage Facilities
ParkingFour or more Spaces, Parking Space(s)
River/LakeNone, None
Utilities

Electricity Available, Natural Gas Available, Propane, Phone Available, Trash Collection Public

Interior
InteriorConcrete, Tile
Cooling1 Unit
# of Stories1
StoriesOne
Exterior
Exterior FeaturesLighting, Propane Tank - Leased, Storage
RoofComposition, Shingle
ConstructionLap Siding
FoundationSlab
School Information
DistrictComal ISD
Additional Information
Date ListedNovember 2nd, 2023
Property History
Price Reduced from $750,000 to $650,000
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Listing Courtesy Of Keller Williams Heritage.

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