1030 River Road - Specialty FOR SALE


New Braunfels, TX 78130
$8,450,000 USD
877-213-1792
1030 River Road, New Braunfels, TX for Sale
$8,450,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

1030 River Road
New Braunfels, TX 78130


HIGHLIGHTS

  • The historic properties are an important part of the history of Texas and this popular Texas community.
  • The Company enjoys a long-standing (12+ year) reputation for quality and superior customer support.
  • The Director of Weddings and the Property Manager will remain with new management indefinitely.

OVERVIEW

*The $8,450,000 includes all the properties which could be sold in separate groups to lower the price. This is a Historic Wedding venue and events center spread over 17 acres. The property contains a historical home and cottage, the owners’ residence with a pool, an open-air chapel, a modern farmhouse covered pavilion, and picturesque scenery. The farm also has livestock, such as longhorn cattle, horses, a historical cabin and windmill, and multiple storage sheds and out-buildings. Three of the homes are on separate properties and are currently used as overnight rentals. One of which is a registered historical landmark, and another could be registered as a historical landmark. All of the overnight rentals are zoned for commercial use and located in the heart of town. There is also a 2,200 square foot house located near downtown that is a residence for the maintenance manager and his family. The Wedding Venue business leases the properties and covers the costs to maintain the historic properties and generate $200k in cashflow for the owners.

FOR SALE DETAILS

PRICE

$8,450,000 USD

PRICE/SF

$949 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1852

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17 AC

LAND SF

740,520 SF

ZONING

-

APN/PARCEL ID

45-0670-0109-02

ASK ABOUT THIS PROPERTY

Milt FlinnGenerational EquityMore Info
877-213-1792

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Milt FlinnGenerational EquityMore Info
877-213-1792

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.