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128 E Zipp Road 120 E Zipp Rd 11,000 SF 100% Leased Retail Building New Braunfels, TX 78130 $9,100,000 ($827.27/SF)
Executive Summary
Monumental investment portfolio comes with extensive income producing property from both retail and residential sources. Primary business currently operated as a nursery with indoor and outdoor inventory sits on a corner lot at the heavy traffic light intersection from FM 725 with signage and 625 FT road frontage. The property is both in the New Braunfels city limits and the New Braunfels ETJ. The FM 725 road frontage portion of the corner lot intersection is zoned commercial (C3). 120 E Zipp Rd (Warehouse) is sold separately from 113, 120, & 128 E Zipp Rd. See the price breakdown in attached document.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
11,000 SF
Building Class
C
Year Built/Renovated
1994/2002
Price
$9,100,000
Price Per SF
$827.27
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
23.14 AC
Zoning
C3 - C3 New Braunfels zoning near the street.
Frontage
895’ on FM 725
Amenities
- Corner Lot
- Fenced Lot
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Maldonado Nursery & Landscaping Inc
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Maldonado Nursery & Landscaping Inc | Services | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1G1110-0000-00100-0-00 | Improvements Assessment | $148,045 |
| Land Assessment | $158,753 | Total Assessment | $306,798 |
Property Taxes
Parcel Number
1G1110-0000-00100-0-00
Land Assessment
$158,753
Improvements Assessment
$148,045
Total Assessment
$306,798
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128 E Zipp Road | 120 E Zipp Rd