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Flex Space with High-Bay Warehouse
New
For Sale
$550,000

516 Grant Road, Mineral Wells, TX 76067

The building combines office space with a shop and warehouse area on a 1.54-acre parcel.

Property Size7,518 SF
Lot Size1.54 Acres
Price / SF$73.16
Days on Market2

Property Features for 516 Grant Road

General Information

Standard status Active
Size 7,518 SF
Lot size 1.54 Acres
Property subtype Industrial

Property Condition

Severity Repairs Needed
Evidence some what vandalized, repairs will be needed

Site & Location

Road Access Yes
Outdoor Storage Yes

Warehouse & Industrial

Warehouse Space 5,800 SF
Office Build-Out 2,000 SF

Additional Details

Property Use Shop-Warehouse

Taxes and HOA fees

Annual Taxes $6,862

Building Details

Building Size 7,518 SF
Year Built 1980
Listing Agency: SOURCE 1 REAL ESTATE
Listed By: Marty Logan · License #0587020
Source: Edgerealestate
Added: Nov 4 Last Checked: Nov 4 at 2:16PM

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 SOURCE 1 REAL ESTATE

Rey
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Investment Insights

Based on property information with market context.

Located at 516 Grant Road in Mineral Wells, this 7,518-square-foot flex property was built in 1980. Its interior includes approximately 2,000 square feet of office space and 5,800 square feet of high-bay shop and warehouse area. The site contains 1.54 acres.

The property has experienced vandalism, and repairs are needed.

Key Highlights

  • 7,518 square feet of building area on a 1.54‑acre site
  • Approximately 2,000 square feet of office space
  • Approximately 5,800 square feet of high‑bay shop and warehouse space

Property Analytics

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Current Use

Tank Sandblasting & Painting Renovation Specialist B&H Construction General Contractor

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop Electrical Service Plumbing Service Big Box & Wholesale Store

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

30
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - The building combines office space with a shop and warehouse area on a 1.54-acre parcel.
Where is this flex space located?
The property is located at 516 Grant Road Mineral Wells, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 7,518 square feet of building area on a 1.54‑acre site; Approximately 2,000 square feet of office space; Approximately 5,800 square feet of high‑bay shop and warehouse space
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