UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,455 sqft
Price per Sqft $31
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
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
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.