588 Business Ih 35New Braunfels, TX 78130

Property Details for 588 Business Ih 35

Year built

1950

Lot size

0.58 AC

Property size (Sq ft)

3,270 SF

Property type

Retail space

APN

4-0000-0796-00

APU

40000079600

Description

This exceptional .58-acre lot, located at 588 S Business IH35 in New Braunfels, Comal County, Texas, presents a unique pre-leasing opportunity for retail and restaurant businesses. Situated on a bustling commercial corridor with high daily traffic volume, this property offers unparalleled visibility and accessibility. The lot's 25,264 square feet provide ample space for a variety of concepts, catering to both the local community and the significant influx of tourists. Its strategic location near established commercial centers and popular amenities ensures a strong surrounding retail mix, driving foot traffic and enhancing business potential. The property is ideal for businesses seeking high exposure and convenience, benefiting from the continuous growth of New Braunfels and its thriving commercial sector. One available space of 3,200 square feet is currently available for lease within the multiple tenancy property. This prime location offers a blend of visibility, traffic, and growth potential, setting the stage for long-term success. The property's location on S Business IH35 guarantees significant daily vehicle exposure, making it an attractive proposition for ambitious retail and dining brands. This is a rare opportunity to establish a presence in a dynamic and rapidly expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $899,624

  6.5%

  $830,422

  7%

  $771,106

• Comparable approach

  Method

  Valuation

  Relative Method

  $772,900

  Geo Method

  $772,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,614,600

  Mixed-Use / Specialty

  $829,401

  Hospitality / Lodging

  $611,031

  Office

  $826,494

  Institutional / Educational

  $862,936

  Residential Income

  $1,009,640

  Multifamily

  $1,200,150

  Automotive / Energy

  $739,660

  Parking / Income-Based Land

  $253,331

  Restaurant / Food Service

  $435,518

  Healthcare / Senior Housing

  $848,546

Location Insight

City

New Braunfels

County

Comal

State

Texas

Latitude

29.6927

Longitude

-98.1215

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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