1504 Oak AveMineral Wells, TX 76067

Property Details for 1504 Oak Ave

Year built

1966

Lot size

0.22 AC

Property size (Sq ft)

25,920 SF

Property type

Other commercial real estate

APN

151600000

APU

151600000

Description

This iconic Mineral Wells, Texas drive-in restaurant, established in 1980, is available for $299,000. Located on a high-traffic section of US Highway 281, this 1,296 square foot, single-story building sits on a 0.22-acre lot and is zoned for general retail. The property includes all necessary equipment for continued operation, including a new freezer, a new four-compartment sink, a grill, three freezers (one walk-in), four fryers, soda machines, and a soft-serve machine. This turnkey operation offers an immediate opportunity for an owner-operator to take over a well-established business with a loyal customer base, evidenced by numerous positive reviews from patrons across the country. Alternatively, the property presents a prime commercial real estate investment opportunity, allowing for either a replacement restaurant or lease to a new tenant. The property's location benefits from the economic growth of Mineral Wells, home to notable attractions like The Crazy Water Hotel and The Baker Hotel and Spa. All information is deemed reliable but not guaranteed and should be independently verified. The property is located at 1504 S Oak Ave, Mineral Wells, TX 76067.

• Alternative Use

  Use

  Valuation

  Residential

  $7,209,302

  Hospitality

  $6,603,682

  Educational

  $5,494,186

  Medical

  $5,683,140

  Retail

  $8,546,512

Location Insight

City

Mineral Wells

County

Palo Pinto

State

Texas

Latitude

32.7973

Longitude

-98.1132

CBSA code

33420

CBSA name

MINERAL WELLS, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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