803 15Th St Mineral Wells, TX 76067
This exceptional 124-acre commercial land parcel in Mineral Wells, Texas, presents a unique investment opportunity. Located at 803 SW 15th St, 76067, in Palo Pinto County, this multi-parcel property boasts diverse zoning allowing for a variety of uses. A significant 40+ acre plateau offers stunning views overlooking downtown Mineral Wells, ideal for residential, commercial, or recreational development. The land features a blend of open fields and wooded areas, preserving natural beauty while providing ample space for construction. A key advantage is access to a premium mineral water source, complemented by two existing water wells and valuable water rights, ensuring a sustainable water supply – a significant asset in this region. Potential uses include bottling operations, wellness resorts, health spas, or single-family residential development (a concept plan is available). The property's strategic location offers easy access to Weatherford (20 miles), Fort Worth (50 miles), and DFW Airport (73 miles). The asking price is $6,500,000. This is a rare chance to acquire a large, versatile tract with significant water rights in a desirable Texas location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.