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$80,000

Est. payment - /mo

3,455 SqFt

Active

903 S OAK Avenue Mineral Wells, TX 76067

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Patricia Ann Young

patricia@followmyheelshome.com +1(972) 795-4260

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 3,455 sqft

Subdivision Unknown

MLS Listing ID 20872141

Total Fin. Sqft 3455

Year Built 1950

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Business

Property Description

Prime Commercial Property on Mineral Wells' Busiest Highway

Address: 903 S Oak Avenue, Mineral Wells, Texas

Property Overview:
Strategically situated on the primary highway leading into Mineral Wells, 903 S Oak Avenue offers unparalleled visibility and accessibility, making it an ideal location for businesses seeking high traffic and exposure.

Proximity to The Baker Hotel Restoration:
This property is located near the historic Baker Hotel, which is undergoing a significant restoration projected to cost approximately $65 million. The hotel's revival is anticipated to attract a substantial number of visitors and tourists, revitalizing the local economy and increasing foot traffic in the area.

The city of Mineral Wells is committed to fostering economic growth and offers attractive tax breaks for businesses that generate employment opportunities for the community. These are designed to support companies that contribute to the local economy and address specific community needs.

Local Business Performance:
The McDonald's in Mineral Wells has demonstrated robust performance, with annual revenues surpassing the national average for the franchise. This indicates a strong local market and a supportive community for businesses.

Key Features:
• High Visibility: Located on the busiest highway leading into Mineral Wells, ensuring maximum exposure.
• Economic Growth: Proximity to the Baker Hotel restoration project, set to boost tourism and local spending.
• Business-Friendly Environment: Access to city-provided tax breaks for job-creating enterprises.
• Proven Market: Existing businesses, such as the local McDonald's, have shown exceptional performance, reflecting a thriving commercial environment.

This property presents a unique opportunity for businesses to establish themselves in a growing market with strong community support

Location

State TX

County Palo Pinto

Zoning General Commercial

Direction From Fort Worth: Take I-20 W, then exit 405 to US-180 W toward Weatherford. Continue on US-180 W for about 30 miles into Mineral Wells. Turn left onto US-281 S Oak Ave. Drive 0.5 miles—destination is on the right.

Interior

Heating None

Cooling None

Flooring Concrete

Heat Source None

Exterior

Utilities Available Asphalt, City Sewer, City Water, Electricity Available

Roof Type Metal,Shingle

Garage No

Building

Foundation Slab

Structure Type Brick,Concrete,Plaster,Rock/Stone,Stucco

Others

Ownership Brandy Pierce

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20872141

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Tessa Navarro • Local Pro Realty LLC

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Patricia Ann Young

Agent | License ID: 0555284

+1(972) 795-4260

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903 S OAK Avenue Mineral Wells, TX 76067

Patricia Ann Young

Key Details

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903 S OAK Avenue