$ 585,000

1608 1st Street

Mineral Wells, TX 76067

  • 2,624 SqFt
  • 1.03 Lot Size
  • 1950 Year Built
Mineral Wells Prime Location for Investment! 1.033 Acres sits directly off of Highway 180 on the east side of town. Road Frontage on all 4 sides of the lot. The property has 3 buildings that are currently leased generating imediate income. Buy the property and collect rent while the area continues to grow and improve, or buy and start planning immediately. Property is already Platted into 10 separate tracts and offers a great opportunity for someone to diversify their portfolio. Build residential homes across the back on the 2nd st frontage and keep the Highway 180 frontage for future Commercial use. Multiple different options with this property as this area is growing. Come check it out!
Listed by Bryson Swiggart of Compass RE Texas , LLC , Sold By Basanta Giri of Ready Real Estate LLC

PROPERTY DETAIL

  • Key Details

    Sold Price $585,000

    Property Type Commercial

    Sub Type Retail

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 2, 624 sqft

    Price per Sqft $222

    Subdivision Wynnwood

    MLS Listing ID 20406913

    Sold Date 11/06/23

    Total Fin. Sqft 2624

    Year Built 1950

    Annual Tax Amount $8,253

    Lot Size 1.033 Acres

    Acres 1.033

  • Location

    State TX

    County Palo Pinto

    Zoning General Retail

    Direction Head north on US-281 N, Turn right onto SE 1st St, Destination will be on the right

  • Building

    Lot Description Few Trees, Level

    Foundation Slab, Other

    Structure Type Unknown

  • Interior

    Heating Other

    Cooling Other

    Flooring Other

    Heat Source Other

  • Exterior

    Utilities Available Asphalt, City Sewer, City Water, Electricity Available, Electricity Connected, Individual Water Meter, Sewer Available, Sidewalk

    Roof Type Composition,Shingle,Other

    Garage No

  • Others

    Ownership Polly Anna Johnson Brown IRR Trust

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Financing Conventional

    Special Listing Condition Aerial Photo, Survey Available

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