For Sale
$2,500,344

124 Cascade CavernBoerne, TX 78015

Texas Land Parcels, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents two prime commercial land parcels totaling approximately 8.3 acres in Boerne, Texas, within the city's extraterritorial jurisdiction. The property, located at 124 Cascade Caverns Rd, Boerne, TX 78015, comprises two platted lots (4.1 and 4.2 acres) with existing infrastructure including septic and well systems. One parcel (4.1 acres) features a 10,170 square foot building currently 100% leased, generating a net operating income (NOI) of $88,988 annually with a three-year lease remaining. This building is adaptable for various uses, such as office, warehouse, gym, or medical facility. The zoning is OCL. The asking price for the 4.1-acre parcel with the building is $2,500,344 ($14.00/SF), while the 4.2-acre parcel is priced at $1,300,000 ($7.10/SF). Both parcels share a common detention system. This presents a unique opportunity to acquire established income-producing property alongside a significant development site, offering substantial potential for future growth and return on investment. The total square footage available across both parcels ranges from 72,309 to 178,596 square feet.

Highlights

  • 124 Cascade Caverns Rd, Boerne, TX 78015: Platted lot in Boerne ETJ.
  • Common detention system in place.
  • On-site septic system.
  • Water well.
  • Lot 1, Block 1: 4.1-acre lot, 10,170 SF building, 100% leased, $2,500,344 sales price ($14.00/SF), $88,988 annual NOI with three years remaining on lease.
  • Lot 1, Block 3: 4.2-acre lot, $1,300,000 sales price ($7.10/SF).

Property Details for 124 Cascade Cavern

Property type
Land
Square Feet
72,309 SF
Lot Size (sq. ft)
178,596 SF

Location Insight

City
Boerne
County
Kendall
State
Texas
Latitude
29.753471
Longitude
-98.687734
124 Cascade Cavern, Boerne, Texas

FAQs

What type of property is this?
Land - Texas Land Parcels, Excellent ROI
Where is the land located?
The property is located at 124 Cascade Cavern Boerne, TX.
What is the asking price?
The asking price for this property is $2,500,344.
What are key features of this property?
This property features: 124 Cascade Caverns Rd, Boerne, TX 78015: Platted lot in Boerne ETJ.; Common detention system in place.; On-site septic system.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
124 Cascade Cavern
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message