Sophie Ln New Braunfels, TX 78130

Exceptional opportunity to acquire a 12.28-acre multifamily development site in New Braunfels, Texas. This shovel-ready site, zoned PD-2021-09, offers approved plans for a 378-unit, four-story garden-style complex. Located less than a mile from Interstate 35 and near major retailers like Target and Buc-ee's, this prime location boasts convenient access to major Texas markets. The site benefits from its proximity to Resolute Baptist Hospital and highly-rated Comal ISD schools (Canyon High, Canyon Middle, and Freiheit Elementary). The asking price is $8,500,000, translating to approximately $22,486 per developable unit. The seller will convey fully designed plans at closing. Purchasers are expected to save approximately $2 million in impact fees due to grandfathering into old rates. While the site is considered shovel-ready, prospective buyers should conduct their own due diligence regarding zoning, unit count, and impact fees. New Braunfels experienced significant population growth (15.8% increase from 2020 to 2022), and the Comal County multifamily submarket anticipates a 2.4% rent increase within the next year. Comparable properties within a three-mile radius command asking rents up to $1.79 per square foot. The property's APN is 466192, 467049, and is located on Sophie Ln, New Braunfels, TX 78130. The land value is $15.88 per square foot.