$ 585,000

1608 First Street

Mineral Wells, TX 76067

  • 1.03 Lot Size
  • 1950 Year Built
Mineral Wells Prime Location for Investment! 1.033 Acres sits directly off of Highway 180 on the east side of town. Road Frontage on all 4 sides of the lot. Great Land investment with immediate income, the property has 3 buildings that are currently leased generating income. Buy the property and collect rent while the area continues to grow and improve, or buy and start planning your construction project immediately. Property is already Platted into 10 separate tracts and offers a great opportunity for someone to diversify their portfolio. Build residential homes across the back on the 2nd st frontage and keep the Highway 180 frontage for future Commercial use. Multiple different options with this property as this area is growing. Come check it out!
Listed by Bryson Swiggart of Compass RE Texas , LLC , Sold By Basanta Giri of Ready Real Estate LLC

PROPERTY DETAIL

  • Key Details

    Sold Price $585,000

    Property Type Vacant Land

    Sub Type Unimproved Land

    Listing Status Sold

    Purchase Type For Sale

    Subdivision Wynnwood

    MLS Listing ID 20420725

    Sold Date 11/06/23

    HOA Y/N None

    Year Built 1950

    Annual Tax Amount $8,253

    Lot Size 1.033 Acres

    Acres 1.033

    Property Sub-Type Unimproved Land

  • Location

    State TX

    County Palo Pinto

    Zoning General Retail

    Direction Head North on US-281 N, Turn right onto SE 1st St, Destination will be on the right

  • Building

    Lot Description Corner Lot, Few Trees, Level

  • Interior

    Heating Other

    Cooling Other

    Heat Source Other

  • Exterior

    Utilities Available Asphalt, City Sewer, City Water, Electricity Available, Electricity Connected, Sewer Available, Sidewalk

    Lot Frontage 700.0

    Garage No

  • Schools

    Elementary Schools Travis

    Middle Schools Mineralwel

    High Schools Mineralwel

    School District Mineral Wells Isd

  • Others

    Restrictions Other

    Acceptable Financing 1031 Exchange, Cash, Conventional

    Listing Terms 1031 Exchange, Cash, Conventional

    Financing Conventional

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CONTACT

Bryson Swiggart
Bryson Swiggart

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