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 | 1.0 |
| Stories | 1 |
Exterior
| Roof | Composition |
|---|---|
| Construction | Wood |
| Foundation | Slab |
School Information
| District | Comal |
|---|
Additional Information
| Date Listed | May 17th, 2022 |
|---|---|
| Days on Market | 709 |
| Zoning | R2 |
| Short Sale | No |
Listing Details
| Office | Keller Williams Heritage |
|---|