1504 Oak AveMineral Wells, TX 76067

For Sale
$299,000

Established Drive-In Restaurant, Turnkey Business

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Established 1980 drive-in restaurant in Mineral Wells, TX, available for $299,000.
  • 1,296 sq ft building on a 0.22-acre lot, zoned for general retail, located on high-traffic US Highway 281.
  • Turnkey operation includes all equipment: new freezer, new four-compartment sink, grill, three freezers (one walk-in), four fryers, soda machines, and soft-serve machine.
  • Offers owner-operator opportunity, or potential for redevelopment/lease to new tenant in a growing market.

Property Details for 1504 Oak Ave

Property type
Other specialty properties, Other retail properties
Square Feet
1,296 SF
Stories
1
Lot Size (sq. ft)
9,583 SF

Location Insight

City
Mineral Wells
County
Palo Pinto
State
Texas
Latitude
32.797422941162
Longitude
-98.112906095353
1504 Oak Ave, Mineral Wells, Texas

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1504 Oak Ave
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