Remarks

Prime Commercial Property on Mineral Wells’ Busiest Highway

Address: 903 S Oak Avenue, Mineral Wells, Texas

Property Overview:
Strategically situated on the primary highway leading into Mineral Wells, 903 S Oak Avenue offers unparalleled visibility and accessibility, making it an ideal location for businesses seeking high traffic and exposure.

Proximity to The Baker Hotel Restoration:
This property is located near the historic Baker Hotel, which is undergoing a significant restoration projected to cost approximately $65 million. The hotel’s revival is anticipated to attract a substantial number of visitors and tourists, revitalizing the local economy and increasing foot traffic in the area.

The city of Mineral Wells is committed to fostering economic growth and offers attractive tax breaks for businesses that generate employment opportunities for the community. These are designed to support companies that contribute to the local economy and address specific community needs.

Local Business Performance:
The McDonald’s in Mineral Wells has demonstrated robust performance, with annual revenues surpassing the national average for the franchise. This indicates a strong local market and a supportive community for businesses.

Key Features:
• High Visibility: Located on the busiest highway leading into Mineral Wells, ensuring maximum exposure.
• Economic Growth: Proximity to the Baker Hotel restoration project, set to boost tourism and local spending.
• Business-Friendly Environment: Access to city-provided tax breaks for job-creating enterprises.
• Proven Market: Existing businesses, such as the local McDonald’s, have shown exceptional performance, reflecting a thriving commercial environment.

This property presents a unique opportunity for businesses to establish themselves in a growing market with strong community support

Details

MLS#: 20872141
Price: $110,000

Style: Business
Year Built: 1950

County: Palo Pinto
Subdivision: UNKNOWN