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Flex Space with High-Bay Warehouse

516 Grant Road, Mineral Wells, TX 76067

For Sale
$550,000

CommercialSale, Mineral Wells, TX

Property Size7,518 SF
Lot Size1.54 Acres
Price / SF$73.16
Days on Market12

Property Features for 516 Grant Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Industrial
Parking features Secured, Covered
Subdivision Wolters 500 Industri
Lot features Acreage, Level
Directions From Weatherford, take US 180W to Mineral Wells. Turn N. on Washington Ave. Stay Left at the Y onto Lee Rd. Lee Will circle back West and become Grant Rd. Property will be on the North side. Sign on Property.
Standard status Active
APN 28007
Size 7,518 SF
Lot size 1.54 Acres

Additional Details

Property Use Office/Warehouse

Taxes and HOA fees

Tax Description ACRES: 1.540 WOLTERS 500 INDUSTRIAL BLK 1 LOT
Tax Annual Amount 6862
Legal Description ACRES: 1.540 WOLTERS 500 INDUSTRIAL BLK 1 LOT

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Central Air, Electric
Water source Public

Building Details

Year built 1980
Floors in Building 1
Number of units 1
Flooring type Laminate, Concrete
Building materials MetalSiding
Roof type Metal
Listing Agency: SOURCE 1 REAL ESTATE
Listed By: Marty Logan · License TX #0587020
Added: Nov 2 Changed: Nov 10 Last Checked: Nov 13 at 10:06PM
MLS# 21426011

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 1980, this flex property contains 7,518 square feet, with approximately 2,000 square feet of office space and 5,800 square feet of high-bay shop and warehouse area. The building sits on 1.54 acres and has metal siding and a metal roof. Interior flooring includes laminate and concrete. Central electric heating and central air are installed, along with public water and sewer service. Repairs are needed following vandalism.

At 516 Grant Road in Mineral Wells, the property is in Palo Pinto County and located just under an hour west of Fort Worth. The site provides a substantial land area alongside its office and shop-warehouse configuration.

Key Highlights

  • 7,518‑square‑foot building on 1.54 acres
  • Approximately 2,000 square feet of office space and 5,800 square feet of high‑bay shop‑warehouse area
  • Built in 1980; metal siding and metal roof

Property Analytics

Who owns this building? See the owner, sales and loan history
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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

26
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

Properties on Market for Flex space in Mineral Wells

Jul
Aug
Sep
Oct

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 - A split office and shop-warehouse layout offers both administrative and industrial work areas.
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‑foot building on 1.54 acres; Approximately 2,000 square feet of office space and 5,800 square feet of high‑bay shop‑warehouse area; Built in 1980; metal siding and metal roof
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