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348 Alves Ln

New Braunfels, TX 78130
  • $650,000
  • STATUS: Active
  • ON SITE: 706 Days
  • MLS #: 1607182
$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:

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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© 2024 San Antonio Board of REALTORS® 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Exquisite Properties, LLC. Last updated 2024-04-22T18:45:23.16.
www.exquisitesa.com/homes/128804055
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348 Alves Ln New Braunfels, TX 78130

  • Price: $650,000
  • Status: Active
  • On Site: 706 Days
  • MLS #: 1607182
0
Beds
0
Baths
0
½ Baths
0.27
Acres
2,775
SQFT
$234
$/SQFT
1985
Built
Neighborhood:
New Braunfels
County:
Comal
Area:
New Braunfels
School District:
Comal
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.
Exterior Features

Construction Wood Drive In Doors 0 Foundation Slab Loading Facilities Semi-Dock Rail Service No Roof Composition Total Parking 8

Interior Features

Air Conditioning Central Apartment Sq Ft 700 Ceiling Height 10 Heating Central Office Sq Ft 104 Retail Sq Ft 1971

Property Features

Amenities Exterior LightingSecurity SystemHigh Speed INternetOutside Storage Approx Age 39 Available With Lease No Building Center Name CATERALLLLC City Tax 1322.98 Commercial Type Other - See Remarks County Tax 873.43 Easements Ingress-Egress Flood Plain None Lease Only No Monthly Lease 0 Other Tax 108.19 Proposed Terms Sale OnlyCashConventional Rentals 0 Restrictions None Sale Includes BuildingsLandBusinessEquipmentFixtures School Tax 3492.87 Total Tax 5797.47 Utilities ElectricityWaterTelephoneSewerCable TV Utility Supplier Elec NB Utilities Utility Supplier Water NB Utilities Zoning R2

Listing information © 2024 San Antonio Board of REALTORS®.
Listing provided courtesy of Angela Row of Keller Williams Heritage: angierow@kw.com, (830) 837-9243.


© 2024 San Antonio Board of REALTORS® 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Exquisite Properties, LLC. Last updated 2024-04-22T18:45:23.16.
 
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Exquisite Properties, LLC
1270 N Loop 1604 E, Suite 1201
San Antonio TX, 78232