1500 S OAK AVENUE, MINERAL WELLS, TX 76067
Homes for sale in Mineral Wells.
Homes for sale in 76067.
1500 S Oak Avenue
Mineral Wells, TX 76067
List Price$270,000
Listing #21203405
About This Property
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.
Property Features
Location Information
County
Palo Pinto
Subdivision
LAWN PLACE #1
Interior Features
Has Fireplace
No
Floors
Concrete
Heating
Central
Tenant Pays
All Utilities
Cooling
Central Air
Total Number of Units
2
Exterior Features
Construction
Steel Siding
Lot Size in Acres
0.22
Foundation
Slab
Lot Size in Sq. Ft.
9,583
Roof
Flat
Possible Best Use
Industrial, Office, Retail,
Water / Sewer
Sewer Available, Water Available
Zoning
Ask city
Utilities
Sewer Available, Water Available
Building Total Area (Sq. Ft.)
2,200
Parking Description
Additional Parking, Asphalt
Is One Story
No
Additional Information
Year Built Details
Preowned
Year Built
1964
Property Type
COM
Status
Active
Property SubType
Retail
Lot Acres Source
Appraiser
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Mortgage Calculator
$1,260
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$972
Monthly Tax
$225
Monthly Insurance
$63
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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