4101 Us-180Mineral Wells, TX 76067

For Sale
$698,000

1,925 SF Office/Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 1,925-square-foot commercial property, built in 2008, sits on a 0.73-acre lot in Mineral Wells, Texas, at the highly visible intersection of US-180 E and NE 40th Street. The property boasts a prime location on the eastern commercial corridor, surrounded by numerous national and local businesses, including Super Walmart, McDonald's, Walgreens, and Starbucks. Currently operating at 100% occupancy with a single tenant, this Class A building offers significant income potential. The asking price is $698,000, representing a 4.30% cap rate and a $362.60 price per square foot. The property's Net Operating Income (NOI) is $30,000 annually. Zoned for commercial use, this versatile space is suitable for various businesses, including executive offices, quick-service restaurants, or retail establishments. The property features convenient access from Hwy 180 E and a side street, making it highly accessible. City water and sewer are available. The land value alone is estimated at $285,000 per acre. This owner-user investment opportunity presents a strong return and excellent potential for future growth, given its strategic location near major retailers and Mineral Wells High School. The property includes one single-story building. The lease type is gross. The parcel ID is 5289 & 5290.

Highlights

  • 1,925 SF single-story building on a 0.73-acre lot in Mineral Wells, TX, at the highly visible intersection of US-180 E and NE 40th Street.
  • Excellent location on the eastern commercial corridor, surrounded by national retailers including Walmart, McDonald's, Walgreens, and Starbucks.
  • Currently 100% occupied with a gross lease, generating $30,000 annual NOI.
  • Offered at $698,000, representing a 4.30% cap rate and $362.60/SF.
  • Zoned commercial; suitable for various uses including office, retail, or quick-service restaurant.

Property Details for 4101 Us-180

Property type
Other retail properties, Restaurants
Square Feet
1,925 SF
Class
A
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Mineral Wells
County
Palo Pinto
State
Texas
Latitude
32.810688324853
Longitude
-98.073066681589
4101 Us-180, Mineral Wells, Texas

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4101 Us-180
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