Views
Address
1111 Gruene Road New Braunfels, TX
Price
$ 2,200,000
Property Attributes
  • MLS#9530229
  • TypeBackup
  • CountyCOMAL
  • CityNew Braunfels
  • AreaCM
  • NeighborhoodGruene Cliff 2
  • Zip78130
  • StyleHotelMotel
  • Year Built2001
  • Taxes$ 33257
  • Price$ 2,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14000
  • Lot Size0.91 Acres
Listing Provided Courtesy Of:
TKAR Commercial RE Services
Data Source:
Austin Board of REALTORS® (ABOR) - 105 - TX
Property Description

BACK ON MARKET. Presenting an opportunity to acquire a successful boutique hotel/bed and breakfast in Historic Gruene, Texas with substantial upside potential for an experienced owner/operator. Unprecedented views and over 200 feet of private access to the Guadalupe River make this a rare opportunity. The existing owners have occupied and operated the Inn for over 15 years and are looking to retire and spend time with family. Gruene River Inn presents an opportunity for a new owner/operator that can make the property reach its fullest potential. The hotel consists of 3 main area: the owners suite, the common guest area, and the rental rooms. On the right hand side of the common guest area, there are 14 individual rooms, each with a private balcony view of the Guadalupe River. A covered deck area on the end of the building provides a common area for guests to socially gather and enjoy the scenic views of the river and historic Gruene. On the left hand side of the common guest area is the owners suite. The owner's suite is an approximately 3,000 square foot, 3 bedroom, 2 bathroom unit complete with private entrance, kitchen, dining, 2 living areas and a large outdoor deck. The owners have recently renovated the suite and updated the deck. This property provides numerous value add opportunities for an experienced hospitality operator. The owner's suite currently does not generate income and could be utilized as a long term or short term rental. Other operational changes could provide additional opportunities to increase revenue. The property will convey turn-key, including furniture, fixtures and equipment. Sellers have obtained a current title commitment and have current inspection and engineering reports and financials available for qualified buyers. This is an operating business. Please do not contact the property or owner directly. Showings and property information will be coordinated through listing Broker/Agent.

Price History
3/22/2021 Listed $2,200,000

General Features

Accessibility CommonArea
Business Type BedBreakfast
City New Braunfels
Construction Materials WoodSiding
Contingency Inspection
County Comal
Days on Market 153
Directions IH 35 to New Braunfels and exit FM 306. Take FM 306 to Hunter Road. Left on Hunter Road to downtown Gruene. Left on Gruene River Road. The property will be on right approximately 1/4 mile from downto
Disclosures SellerDisclosure
Flooring Wood
Heating Ductless, NaturalGas
Leasable Area 14000.0
Lease Type None
MLS Area CM
New Construction No
Operatingexpense 0.0
Possession ClosingFunding
Property Sub Type Additional HotelMotel
Property SubType HotelMotel
Property Type CommercialSale
PropertyCondition UpdatedRemodeled, SeeRemarks
Restrictions NoRestrictions
Sewer PublicSewer
Special Listing Conditions Standard
Standard Status ActiveUnderContract
Status ActiveUnderContract
Street Name Gruene
Subdivision Name Gruene Cliff 2
Tax Lot 1
Tax Year 2020
TaxAssessedValue 1570630
Terms Cash, Conventional
Utilities CableAvailable, CableConnected, ElectricityConnected, NaturalGasConnected, HighSpeedInternetAvailable, PhoneConnected, SewerConnected, UndergroundUtilities, WaterConnected
Year Built 2001
Yearbuiltsource PublicRecords

Interior Features

Air Conditioning Y/N Yes
Street Suffix Road

Exterior Features

Building Area Total 14000.0
Horse Y/N No
Lot Size Acres 0.91
Lot Size Area 0.91
Lot Size Source Survey
Number of Buildings 1
Other Equipment None
Parking Features Covered, OnSite, ParkingLot
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 78130

Price
AVG $830K
$2.2M
Taxes
AVG $9,887
$33,257
Visits
AVG 47
45
Year Built
AVG 1999
2001