Entitled Multifamily Development
For Sale
Contact for pricing
Sophie Ln, New Braunfels, TX 78130
12.28 acre site with plans for 378 units.
Property SizeContact for details
Lot Size12.28 Acres
Days on Market802
Property Features for Sophie Ln
General Information
Standard status
Active
Lot size
12.28 Acres
Property subtype
Land
Zoning
PD-2021-09
Listing Agency:
Vanguard Advisors LLC
(214) 556-1951
Listed By:
Jordan Cortez, CCIM · License #AR PB00085705
Source:
Crexi
Added: May 30, 2024
Changed: Aug 8
Last Checked: Aug 8 at 1:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vanguard Advisors LLC
Investment Insights
Based on property information with market context.
A 12.28+/- acre entitled multifamily development site is available for purchase along Sophie Lane in New Braunfels, Texas, situated less than a mile east of Interstate 35. The site has fully designed plans for a 378-unit, 4-story, garden-style build out. The seller will convey architectural plans, engineering plans, and select third-party reports at closing. The seller estimates approximately $2MM in savings on impact fees due to being grandfathered into lower impact fees. The site is accessible via Sophie Lane and is close to major retailers such as TJ Maxx, Home Goods, Target, and Buc-ee’s in addition to numerous restaurants. This site presents an opportunity at a reduced price of $19,500 per developable unit.
Key Highlights
- Entitled 12.28+\/- acre multifamily development site with fully designed plans for a 378‑unit, 4‑story, garden‑style complex.
- Located less than a mile east of Interstate 35 in New Braunfels, TX.
- Reduced price of $19,500 per developable unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 78130, TX
88,349
Population
40,810
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
91.0 sq mi
ZIP Area
971
Density / Sq Mi
$84,426
Median Household Income
$45,253
Median Earnings
$1,525
Median Rent
$296,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 12.28 acre site with plans for 378 units.
Where is this land located?
The property is located at Sophie Ln New Braunfels, TX.
What is the asking price?
The asking price for this property is $7,371,000.
What are key features of this property?
This property features: Entitled 12.28+\/- acre multifamily development site with fully designed plans for a 378‑unit, 4‑story, garden‑style complex.; Located less than a mile east of Interstate 35 in New Braunfels, TX.; Reduced price of $19,500 per developable unit.
