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31096829
31096830

1500 S Oak Ave, Mineral Wells, TX 76067

NB
TX 795192
Independent Realty Texas
Listed by Independent Realty Texas
$250,000
82 days on market
Updated 52 days ago

Retail on HWY-281 Mineral Wells

Details
Property Type Mixed Use, Office (+1)
Sub Type Convenience Store
Square Footage 2,700
Net Rentable (SqFt) 2,700
Units 2
Occupancy 100%
Lease Type Net
Pro-Forma Cap Rate 10.56%
Pro-Forma NOI $26,400
Price per SqFt $93
Year Built 1964
Year Renovated 2024
Buildings 1
Stories 1
Lot Size (SqFt) 0.22
Zoning retail
Investment Type Net Lease

Mixed Use | 2,700 SqFt

Marketing description

Located at 1500 S Oak Ave, in Mineral Wells, this versatile commercial property features two separate units under one roof, offering an excellent opportunity for investors or owner-operators.

The building includes two independent entrances, allowing each space to operate separately. Both units are equipped with their own restroom and kitchenette, making them ideal for small retail, office, service businesses, or studio use.

One side of the property is currently leased to a long-term tenant, providing immediate income. The second unit has been recently remodeled and is move-in ready, giving a new owner the flexibility to lease it for additional cash flow or occupy the space.

The layout makes this property ideal for dual tenants, live-work concepts, professional services, or small retail operations.

Property Highlights:

* Two commercial units under one roof

* Separate entrances for each unit

* Each unit includes bathroom and kitchenette

* One long-term tenant in place

* Second unit remodeled and ready for lease

* Flexible commercial use potential

Located on busy 281 street in Mineral Wells, TX

with approximately 5,000 vehicles per day in traffic exposure

Perfect for investors seeking stable income with upside potential or an owner-operator who wants to occupy one side while collecting rent from the other.

Do not disturb tenants ! showing by appointment only.

Investment highlights

Property Highlights:

* Two commercial units under one roof

* Separate entrances for each unit

* Each unit includes bathroom and kitchenette

* One long-term tenant in place

* Second unit remodeled and ready for lease

* Flexible commercial use potential

Listing Contacts

NB
TX 795192
Independent Realty Texas
Listed by Independent Realty Texas

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Additional Information

Name
Naor Biringer
License
795192
Brokerage
Independent Realty
Brokerage Address
3728 Bandera Ranch Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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