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261 Alves Ln - 261 Alves Lane
15.91 Acres of Commercial Land Offered at $3,250,000 in New Braunfels, TX 78130
Investment Highlights
- Near to the IH-35 quickly growing corridor
- Amenities surround the site in New Braunfels - New Braunfels Sports complex, Town Center at Creekside, Wurstfest, Schlitterbahn, Gruene Hall, Etc.
- Proximate to multiple new developments
Executive Summary
Lane, an approximately 15.91-acre multifamily, single-family, or single-family for rent development
site (the “Property” or “Site”) located inside of the rapidly growing Austin-San Antonio Corridor
along Interstate 35 (IH-35) in New Braunfels, Texas. Positioned just a mile and a half from IH-35
and around 8 minutes from downtown New Braunfels, the Site is located on the quickly growing
northeast side of New Braunfels, within a city experiencing exuberant growth. All entitlements and
zoning are in place for a multifamily development, in addition to LOC’s from the utility companies
and city of New Braunfels for 325 MF units, this site has also recently obtained a TIA study and
a drainage study. 261 Alves is a site that is grandfathered under the old impact fees for New
Braunfels, which just recently increased meaningfully, the site also has the plat already recorded.
All these items further shorten the development process for the future buyer. The Site does not
need to be annexed into the city which will afford the buyer a substantial amount of tax savings
when compared to other sites within city limits. 261 Alves is also in proximity to the area’s
premier retail and entertainment options including New Braunfels Town Center at Creekside,
Gruene Hall, and the San Marcos Premium Outlets.
Property Facts
1 Lot Available
Lot
| Price | $3,250,000 | Lot Size | 15.91 AC |
| Price Per AC | $204,274 |
| Price | $3,250,000 |
| Price Per AC | $204,274 |
| Lot Size | 15.91 AC |
Description
The New Braunfels area continues to expand rapidly, concurrent with the growth of its two larger surrounding markets, the San Antonio MSA and Austin MSA. Over the last decade, New Braunfels ranked as one of the top fastest-growing cities in the nation, posting a 56.6% increase, and Comal County ranked fourth, growing 44% over the same period. The area has also experienced prominent business relocation with fortune 50 companies like Amazon and Walmart both making New Braunfels the location of Central Texas distribution centers. In 2019, the city approved a $117 million bond package that included over $44 million for transportation and infrastructure improvements, and New Braunfels Utilities committed more than $550 million in capital projects over the next five years. The area’s home values have increased 30.9% since the beginning of 2021, highlighting the popularity of the city as a smaller alternative to nearby metros. New Braunfels is wellpositioned to benefit as development plans continue to sprawl outwards from Austin and San Antonio to bridge the gap between the two urban centers, soon to create a large metro with over 6-7 million people
zoning
| Zoning Code | New Braunfels ETJ |
| New Braunfels ETJ |
Presented by
261 Alves Ln - 261 Alves Lane
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