1260 Fm 1863
New Braunfels, TX 78132
Multi Building/Tenancy Development · Office Property For Sale

**BOTH BUILDINGS NOW LEASED**PRE-LEASED AND INCOME EARNING UPON COMPLETION**UNRESTRICTED - IN COMAL COUNTY** 1.06 Acres in New Braunfels, TX. Master Plan for this property is to build 3 detached buildings. The first 2,065 sqft new building (bldg. #2) is going up now, is already leased, to be completed for occupancy on March 1st. Triple Net lease for 5 year lease with 3 year Option and annual rental escalations. BUILDING #3 is now completed and leased! Build out is under way and tenant is scheduled to move in October 1st. NOTE: ASKING PRICE WILL INCREASE ONCE EXISTING HOME ON PROPERTY IS DEMOLISHED AND NEW 2,000 SQFT BUILDING SHELL IS BUILT. ASKING PRICE WITH BUILDING SHELL # 1 AND BUILDING #2 WILL BE $785,000.00 Existing home on the property is scheduled to be demolished in February 2020 in order to make room for a new building (bldg. #1), that will be divided into 3 suites. Infrastructure is already in place. Infrastructure includes 2 new underground electrical service racks with 3 - 200 amp services each, for a total of 6 independent electrical services. These 2 racks have already been constructed and approve by New Bruanfels Utility (NBU). Also new and in place, is an 850 GPD aerobic system which is suitable to service proposed office/retail/warehouse improvements.