112 Oak AveMineral Wells, TX 76067

For Sale
$550,000

Historic Bar/Restaurant, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 2,500 square foot commercial property, located at 112 S Oak Ave in Mineral Wells, Texas, presents a rare investment opportunity. Situated in the heart of downtown, this single-story building boasts significant street visibility on a thriving block, nestled between established businesses. Built in 1900 and renovated in the 2020s, the property retains its historical charm with high, pressed-tin ceilings and hardwood floors, complemented by a large storefront display window. The property benefits from high pedestrian traffic and excellent visibility from Highway 281, with convenient parking available both in front and in a shared lot behind the building. Currently operating as a bar and restaurant at 100% occupancy, the lease with the existing tenant extends through August 2024, with the possibility of extension. Zoned for commercial use, this property offers a unique blend of historical character and modern functionality, making it ideal for a variety of businesses. The asking price is $550,000, translating to $220 per square foot. This prime location in Mineral Wells, recently designated the Wellness Capital of Texas, offers significant growth potential and is an excellent opportunity to capitalize on the area's burgeoning tourism and economic development. The property is owned by Blackmon and is being offered for sale by owner.

Highlights

  • 2,500 SF commercial building at 112 S Oak Ave, Mineral Wells, TX.
  • High street visibility in thriving downtown location, near Highway 281.
  • 1900s building with recent renovations, featuring high ceilings, hardwood floors, and a large storefront.
  • Ample parking available in front and rear.
  • Currently leased to a bar/restaurant at 100% occupancy through August 2024, with extension possibility.
  • $550,000 asking price ($220/SF).

Property Details for 112 Oak Ave

Property type
Other retail properties, Individual retail properties
Square Feet
2,500 SF
Year Built/Renovated
1900/2020
Buildings
1
Stories
1

Location Insight

City
Mineral Wells
County
Palo Pinto
State
Texas
Latitude
32.808647417611
Longitude
-98.112904595638
112 Oak Ave, Mineral Wells, Texas

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112 Oak Ave
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