903 S OAK AVENUE
Mineral Wells, TX 76067
0.29 acres | #20872141
Description
Prime Commercial Property on Mineral Wells’ Busiest Highway
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
Property Details
- Utility FeaturesAsphalt, City Sewer, City Water, Electricity Available
- CountyPalo Pinto
- Property TypePurchase
- MLS #20872141
- Property SubtypeBusiness
- MLS #20872141
- SubdivisionUNKNOWN
- Acres0.2900
- Cost110000
- Year Built1950
- FoundationSlab
- Stories1
Location
Legal
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Last Updated: . Source: NTREIS
Listing Courtesy
Listing Agent: Tessa Navarro (#0819847), Phone: (469) 993-3121
Listing Office: Local Pro Realty LLC (#LPRT01C)
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