1968 Lou Ann Dr New Braunfels, TX 78130
This exceptional 1.5-acre lot in New Braunfels, Texas, presents a unique investment opportunity. Located on a quiet cul-de-sac at 1968 Lou Ann Dr, this generously cleared property boasts a level front homesite ideal for building. Enjoy panoramic views of the surrounding area, enhancing privacy and appeal. The property is zoned R, allowing for residential development. Its strategic location offers convenient access to numerous amenities, including fitness centers, Lowe's, various restaurants and coffee shops, grocery stores, Target, and the historic Gruene district. New Braunfels itself is a rapidly growing city with a rich German heritage, home to Schlitterbahn Waterpark and the annual Wurstfest. The nearby Guadalupe River offers recreational opportunities like tubing and kayaking. Furthermore, the proximity to San Marcos, with Texas State University and its vibrant atmosphere, adds to the property's appeal. This property is perfect for those seeking a tranquil setting while remaining close to urban conveniences and recreational activities. The 100% ownership and 1031 exchange eligibility make this a compelling investment for developers and individuals alike. This rare parcel offers an outstanding opportunity to create a remarkable project in one of Texas' most desirable and fastest-growing areas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.