1001 Hubbard StMineral Wells, TX 76067

Property Details for 1001 Hubbard St

Year built

1920

Lot size

0.23 AC

Property size (Sq ft)

37,468 SF

Property type

Commercial real estate

APN

139290000

APU

139290000

Description

This exceptional turnkey retail opportunity in Mineral Wells, Texas, presents a compelling investment prospect. Located at 1001 E Hubbard St, this property boasts two buildings, each two stories, totaling 2,736 square feet on a 0.23-acre lot. Built in 1920 with renovations in 1984 and 2005, the property is zoned for commercial use and offers a strong net operating income (NOI) of $59,276, resulting in a 9.20% cap rate. The asking price is $644,000, translating to $235.38 per square foot. Situated just six blocks from the renowned Baker Hotel and Spa, this established business, operating since 2005, benefits from a prime location in a growing tourist destination recently designated the Wellness Capital of Texas. The sale includes the business, land, all improvements, and existing inventory. This presents an immediate income stream with significant potential for future growth in a thriving market. The property's commercial zoning allows for diverse operational possibilities. Financial details are available upon request.

• Alternative Use

  Use

  Valuation

  Residential

  $10,417,918

  Hospitality

  $9,542,757

  Educational

  $7,939,462

  Medical

  $8,212,512

  Retail

  $12,350,273

Location Insight

City

Mineral Wells

County

Palo Pinto

State

Texas

Latitude

32.8094

Longitude

-98.1048

CBSA code

33420

CBSA name

MINERAL WELLS, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].