5441, 5481 Fm 1102 New Braunfels, TX 78132
With buildings dating back to the 1800's, this unique mixed-use commercial property isn't lacking any character or potential. Unrestricted zoning which means this gem can become a blank canvas to suit your investment needs & visions or kept as is operating at a 6 CAP rate. Located just across the street is a brand new SFR development and less than a 1/4 mile is a newly built & fully leased MF development. Average HH income of $134, 151. High traffic road. Tons of visibility. And just minutes from downtown Gruene. Current NOI of 143K/annually produced by: 2 STR, 2 LTR & 2 commercial leases. New septic system installed 2023. SELLER FINANCING AVAILABLE.
- Property TypeCommercial
- NeighborhoodN/A
- CountyComal
- Taxes$7,715
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive
- MLS ID Number1799688
- Home Size Source Appraiser
- Year Built1865
- Lot Size1.35 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Wood SidingStuccoStone Veneer
- Acreage 1.35
- Property Sub Type Hotel- Motel
Exterior Features
- Roof Metal