This charming 3-bedroom, 2-bath updated cottage near downtown New Braunfels, TX, has an open floor plan and M-2 zoning. Currently operating as a successful Short-Term Rental, it could also be used for office/retail/commercial space. This property boasts a large yard to provide additional parking. It is ideally located less than 1/4 mile from both the Faust St Bridge and Guadalupe River access, as well as close proximity to IH35 N. Just down the street from the highly anticipated New River Mill Development which will feature 130,000 SF of office space, 83,000 SF of retail space, over 900 carefully crafted multifamily units, and a luxury-boutique hotel, creating a one-of-a-kind dynamic and lively mixed-use environment. Once completed, this vibrant, mixed-use development promises to bring increased value to the area, making it an ideal time to invest.