348 Alves Ln
New Braunfels, TX
$650,000
N/A
N/A
2775
0.27
Details
STATUS:Active
YEAR BUILT:1985
TYPE:other - see remarks
PARKING:
TOTAL STORIES:
MLS:1607182
COUNTY:Comal
PRICE PER SQFT$234
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 also two storage buildings, commercial smoker and a 30 and 50 amp RV/Food Truck hookups. It has operated as a catering kitchen for over 30 years and is currently being 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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School Information
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Location
Direction: From San Antonio: Head north on I-35 and take exit 191 to FM Rd 306. Turn right on Alves Lane and property is on the left. From San Marcos: Head south on I-35 and take exit 191 to FM Rd 306. Turn right on Alves Lane and property is on the left.
Courtesy of Keller Williams Heritage
This real estate information comes in part from the Internet Data Exchange/Broker Reciprocity Program .
Information is deemed reliable but is not guaranteed.
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