0 Martin Luther King Jr St Mineral Wells, TX 76067

This exceptional 5.38-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Mineral Wells, Texas. Located on TBD SE Martin Luther King Jr Street, this property boasts a substantial 234,527 square feet of land, offering significant potential for various development projects. Currently zoned Single Family 9000 (SF9), the property allows for single-family residential construction. However, prospective buyers should explore the possibility of a planned development to accommodate multi-family housing, significantly expanding the potential return on investment. The asking price is $550,000, translating to a land value of $2.45 per square foot. Situated in Palo Pinto County, Texas, with a zip code of 76067, this location offers convenient access to local amenities and infrastructure. The property's APN is 16954. This prime location and flexible zoning make this a highly attractive proposition for developers seeking a versatile and strategically located land parcel in a growing Texas market. Don't miss this chance to acquire a significant piece of Mineral Wells real estate with substantial upside potential. Serious inquiries only.