903 S OAK Avenue new Save Request In-Person Tour Request Virtual Tour
Mineral Wells,TX 76067
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Unknown
MLS Listing ID 20872141
Total Fin. Sqft 12676
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 thoroughfare 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.
Economic Incentives:
The city of Mineral Wells is committed to fostering economic growth and offers attractive tax incentives for businesses that generate employment opportunities for the community. These incentives 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 incentives for job-creating enterprises.
• Proven Market: Existing businesses, such as the local McDonald's, have shown exceptional financial 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 and economic incentives.
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