0.28 Acre Double Lot Near Downtown NBTX

$140,000 •
Offer Submission Deadline
  • Land
  • 12196.8
  • No Garage

Description

Here’s a prime redevelopment opportunity in one of New Braunfels’ hottest neighborhoods. This property sits on a 0.28-acre double lot, originally recorded as Lots 9 & 10. It should not require a replat study in order to split it again. The property is currently improved with an older home, but the real value is in the land and zoning. Zoned R2, this parcel is primed for a savvy investor or builder to split the lots and construct two duplexes. With the potential to sell each unit as a condo for $320K, the projected ARV totals an impressive $1,280,000.


This location offers both infill development convenience and end-user appeal—perfect for a new build or spec project.


Highlights:

  • Still walkable / bike-able to downtown New Braunfels
  • Lot Size: 0.28 acres (Double Lot – Previously Lots 9 & 10)
  • Zoning: R2 – Duplexes allowed
  • Redevelopment Play: Split into two legal lots & build two duplexes
  • Estimated ARV: $1,280,000 (Based on 4 condo sales @ $320K each)
  • Existing Structure: Tear-down or major rehab (not included in valuation)
  • Vacant – Clear access for planning or demo

Estimated Spread

  • ARV $1,280,000
  • Price $140,000
  • Spread $1,140,000

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