1193 Loop 337
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1193 Loop 337
3,498 SF Retail Building New Braunfels, TX 78130 $2,107,020 CAD ($602 CAD/SF) 6.54% Cap Rate
Investment Highlights
- Prime Location: High-visibility 0.76-acre corner lot off Loop 337, near Historic Gruene in New Braunfels, TX.
- Flexible Investment: Options for both investors (long-term lease in place) and end-users.
- Growth & Traffic: Benefit from consistent foot traffic in a vibrant tourist and entertainment area.
- Established Venue: Home to Billy’s Ice since 2008, a popular live music and social spot.
- Business Potential: Opportunity to purchase an established business with a strong local following.
- Ample Space & Visibility: Positioned for optimal exposure and equipped with parking capacity.
Executive Summary
Prime Commercial Real Estate - Billy's Ice, New Braunfels, TX This is a rare opportunity to own a high-visibility 0.76-acre corner lot in New Braunfels, Texas, home to Billy's Ice since 2008. Ideally located off Loop 337 near the Historic Gruene district, this property benefits from constant vehicular traffic and prime exposure in a bustling tourist and entertainment area. Whether you're an investor seeking rental income with a long-term lease in place, or a potential end-user looking to take advantage of this premier location, this property offers immense flexibility. The sale of the real estate includes a negotiable option to purchase the established business, providing the opportunity to continue or transform this iconic venue. Don't miss this prime investment opportunity in one of New Braunfels' most desirable locations!
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$135,014
|
$38.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$135,014
|
$38.60
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $135,014 |
| Annual Per SF | $38.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $135,014 |
| Annual Per SF | $38.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Bar
Building Size
3,498 SF
Building Class
C
Year Built/Renovated
1987/2018
Price
$2,107,020 CAD
Price Per SF
$602 CAD
Cap Rate
6.54%
NOI
$137,743 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.75 AC
Zoning
C1 - C1
Parking
50 Spaces (14.29 Spaces per 1,000 SF Leased)
Frontage
500 ft on Loop 337
PROPERTY TAXES
| Parcel Number | 17-0022-0028-01 | Improvements Assessment | $496,512 CAD |
| Land Assessment | $1,019,025 CAD | Total Assessment | $1,515,537 CAD |
PROPERTY TAXES
Parcel Number
17-0022-0028-01
Land Assessment
$1,019,025 CAD
Improvements Assessment
$496,512 CAD
Total Assessment
$1,515,537 CAD
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