348 Alves Ln, New Braunfels, TX 78130
sale
$650,000
|
Other - See Remarks
Courtesy Of Keller Williams Heritage
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.
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Property Features
- Age: 31-40 Years Old
- Architecture Style: Other
- Building Units: 1
- Condo Floor Number: 1
- Cooling System: Central A/C
- Exterior Type: Wood
- Floors: 1.0
- Heating System: Central Furnace
- MLSID: 1607182
- Roof Type: Composition Shingle
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