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