352 E Bridge St - Flex FOR SALE


New Braunfels, TX 78130- Outer Comal
$749,000 USD
512-585-3650
352 E Bridge St, New Braunfels, TX for Sale
$749,000 USD
Flex - FOR SALE
1/12
null | 6.26% Cap Rate

352 E Bridge St
New Braunfels, TX 78130
Outer Comal


HIGHLIGHTS

  • Located directly next to proposed development
  • Many allowable uses permitted
  • Renovated

OVERVIEW

Prime location in downtown New Braunfels. Property is located directly next door to the NB River Tube Chute and park. Proposed new development of the Mill is located next door. These early renderings show a development similar to The Pearl in San Antonio, with shops, restaurants, outdoor space, and a performance pavilion near the City Tube Chute. See link provided below. https://www.mysanantonio.com/business/article/new-braunfels-flour-mill-development-19945854.php (This is a proposed new development still under review. Please do your own due diligence on future development) Property is currently operating as a successful short term rental with booking income of 60k in the year 2024. Property can keep its current operation or be suited for another development due to its M-1 zoning which allows for many permissible uses. Please refer to the New Braunfels zoning ordinances link for allowed uses. https://library.municode.com/tx/new_braunfels/codes/code_of_ordinances?nodeId=PTIICOOR_CH144ZO_ARTIIIZODI

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$918 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Freestanding, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

M-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jessica Bachus1st BrokerageMore Info
512-585-3650

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Jessica Bachus1st BrokerageMore Info
512-585-3650

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