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Sophie Lane - Zoned Multifamily Site | 12.28+/- Acres 12.28 Acres of Commercial Land Offered at $10,208,172 CAD in New Braunfels, TX 78130

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INVESTMENT HIGHLIGHTS

The 12.28+/- acre Site is well located along Sophie Lane less than a mile east of Interstate 35, allowing for easy access through New Braunfels.
Purchaser expected to save approximately $2MM in impact fees by being grandfathered in to the old impact fee rates.
Asking rents at comparable multifamily properties within a 3-mile radius reach up to $1.79 psf.

The Site is zoned through PD-2029-01 allowing for 378 units.
Per the Seller, the Site is shovel ready pending payment of impact fees and permit fees.
Per CoStar, rents are expected to grow by 2.4% in the Comal County multifamily submarket within the next year.

Price Reduced - New Braunfels Multifamily Site

PROPERTY FACTS

Price	$10,208,172 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units
No. Lots	1	Total Lot Size	12.28 AC
Property Type	Land
Zoning	PD-2021-09 - The Site is zoned through PD-2029-01 allowing for 378 units.

Price	$10,208,172 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units
Total Lot Size	12.28 AC
Zoning	PD-2021-09 - The Site is zoned through PD-2029-01 allowing for 378 units.

1 LOT AVAILABLE

Lot

Price	$10,208,172 CAD	Lot Size	12.28 AC
Price Per AC	$831,284.33 CAD

Price	$10,208,172 CAD
Price Per AC	$831,284.33 CAD
Lot Size	12.28 AC

DESCRIPTION

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer developers and investors the opportunity to purchase a 12.28+/- acre entitled multifamily development Site less a mile from Interstate 35 along Sophie Lane in New Braunfels, TX (the “Site”). The Site comes with fully designed plans for a 378 unit, 4-story, garden-style build out which the Seller will convey at closing. The Site is close to major retailers such as Target, TJ Maxx, Home Goods, and Buc-ee’s in addition to numerous restaurants. This exceptionally well-located Site is a great opportunity to acquire a “shovel ready” site at an attractive price of $22,486 per developable unit. A 1% co-broker fee is available to a Co-Broker that sources a Principal that VREA has not previously contacted in any format or sent information regarding this opportunity.

CONTACTS

Jordan Cortez
Justin Tidwell
Mason John
Will Droese
Haley Birmingham
Reid Pierce
Vanguard Real Estate Advisors

Listing ID: 31966987
Date on Market: 2024-05-30
Last Updated:
Address: Sophie Lane, New Braunfels, TX 78130

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Sophie Lane, New Braunfels, TX for sale Building Photo- Image 1 of 5 — Screenshot 2025-08-07 173824

Sophie Lane, New Braunfels, TX for sale Primary Photo- Image 2 of 5 — Screenshot 2024-05-30 172748

Sophie Lane, New Braunfels, TX for sale Building Photo- Image 3 of 5 — Screenshot 2024-05-30 172819

Sophie Lane, New Braunfels, TX for sale Building Photo- Image 4 of 5 — Screenshot 2024-05-30 172805

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