1001 Hubbard StMineral Wells, TX 76067

For Sale
$644,000

Turnkey Retail Business, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional turnkey retail opportunity in Mineral Wells, Texas, presents a compelling investment prospect. Located at 1001 E Hubbard St, this property boasts two buildings, each two stories, totaling 2,736 square feet on a 0.23-acre lot. Built in 1920 with renovations in 1984 and 2005, the property is zoned for commercial use and offers a strong net operating income (NOI) of $59,276, resulting in a 9.20% cap rate. The asking price is $644,000, translating to $235.38 per square foot. Situated just six blocks from the renowned Baker Hotel and Spa, this established business, operating since 2005, benefits from a prime location in a growing tourist destination recently designated the Wellness Capital of Texas. The sale includes the business, land, all improvements, and existing inventory. This presents an immediate income stream with significant potential for future growth in a thriving market. The property's commercial zoning allows for diverse operational possibilities. Financial details are available upon request.

Highlights

  • $644,000 asking price for this retail storefront.
  • 2,736 square feet with a price per square foot of $235.38.
  • 9.20% cap rate and a net operating income (NOI) of $59,276.
  • Two buildings, two stories, built in 1920 with renovations in 1984 and 2005, situated on a 0.23-acre lot in Mineral Wells, Texas.
  • Commercial zoning.
  • For sale by owner.

Property Details for 1001 Hubbard St

Property type
Other retail properties, Individual retail properties
Square Feet
2,736 SF
Year Built
1920
Buildings
2
Stories
2
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Mineral Wells
County
Palo Pinto
State
Texas
Latitude
32.8094341
Longitude
-98.1048881
1001 Hubbard St, Mineral Wells, Texas

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1001 Hubbard St
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