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Versatile Commercial Property with Income
For Sale
$245,000

1500 S Oak Avenue, Mineral Wells, TX 76067

Two commercial units, one leased, remodeled unit ready for occupancy.

Property Size2,200 SF
Price / SF$111.36
Days on Market104

Property Features for 1500 S Oak Avenue

General Information

Standard status Active
Size 2,200 SF
Property subtype Commercial

Building Details

Year Built 1964
Listing Agency: Independent Realty
Listed By: Naor Biringer · License #0795192
Source: Signaturere
Added: Apr 22 Changed: Jul 10 Last Checked: Aug 1 at 12:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Independent Realty

Investment Insights

Based on property information with market context.

Located at 1500 S Oak Ave in Mineral Wells, this commercial property features two separate units under one roof. The building includes two independent entrances, allowing each space to operate separately. Both units are equipped with their own restroom and kitchenette. One side of the property is currently leased to a long-term tenant, providing immediate income. The second unit has been recently remodeled and is move-in ready, giving a new owner the flexibility to lease it for additional cash flow or occupy the space. The layout makes this property ideal for dual tenants, live-work concepts, professional services, or small retail operations. The property is located on busy 281 street in Mineral Wells, TX, with approximately 5,000 vehicles per day in traffic exposure. The property size is 2200 square feet. It is suitable for investors seeking stable income with upside potential or an owner-operator who wants to occupy one side while collecting rent from the other.

Key Highlights

  • Two commercial units under one roof provide flexible use.
  • Immediate income from long‑term tenant in one unit.
  • Recently remodeled second unit is move‑in ready.**

Property Analytics

Current Use

FineCutz Barber Shop Oxxo Specialty Food Shop Next Time Around ... Hair Salon

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

293
Businesses Nearby

Demographics for 76067, TX

20,473
Population
8,660
Households
2.4
Avg Household Size
39
Median Age
13%
College-Educated
84%
High-School Grad
197.6 sq mi
ZIP Area
104
Density / Sq Mi
$59,670
Median Household Income
$35,532
Median Earnings
$1,050
Median Rent
$156,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial units, one leased, remodeled unit ready for occupancy.
Where is this mixed-use property located?
The property is located at 1500 S Oak Avenue Mineral Wells, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two commercial units under one roof provide flexible use.; Immediate income from long‑term tenant in one unit.; Recently remodeled second unit is move‑in ready.**
More about this property
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