348 Alves Ln, New Braunfels, TX

$650,000

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2,775

Square feet

0.27

Acres

About 348 Alves Ln

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.

Features of 348 Alves Ln

MLS® # 1607182
Price $650,000
Square Footage 2,775
Acres 0.27
Year Built 1985
Type Commercial
Sub-Type Other: Motel/Hotel/MH Prk
Status Active

Community Information

Address 348 Alves Ln
Area 2707
City New Braunfels
County Comal
State TX
Zip Code 78130-2825

Amenities

Amenities Exterior Lighting, High Speed INternet, Outside Storage, Security System
Utilities Cable TV, Electricity, Telephone, Sewer, Water
Parking Spaces 8

Interior

Heating Central
Cooling Central
# of Stories 1
Stories 1

Exterior

Roof Composition
Construction Wood
Foundation Slab

School Information

District Comal

Additional Information

Date Listed May 17th, 2022
Days on Market 702
Zoning R2
Short Sale No

Listing Details

AgentAngela Row
OfficeKeller Williams Heritage
Contact Info(830) 837-9243

Listing Map

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