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

Active

List Price$270,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21203405

2,200

Square Feet

2

Number of Units

Commercial

Type

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.

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