Current Use by Public Records
- Retail properties & Spaces
Property Details for 4101 Us-180
- Year built
- 2008
- Lot size
- 0.73 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 1,925-square-foot commercial property, built in 2008, sits on a 0.73-acre lot in Mineral Wells, Texas, at the highly visible intersection of US-180 E and NE 40th Street. The property boasts a prime location on the eastern commercial corridor, surrounded by numerous national and local businesses, including Super Walmart, McDonald's, Walgreens, and Starbucks. Currently operating at 100% occupancy with a single tenant, this Class A building offers significant income potential. The asking price is $698,000, representing a 4.30% cap rate and a $362.60 price per square foot. The property's Net Operating Income (NOI) is $30,000 annually. Zoned for commercial use, this versatile space is suitable for various businesses, including executive offices, quick-service restaurants, or retail establishments. The property features convenient access from Hwy 180 E and a side street, making it highly accessible. City water and sewer are available. The land value alone is estimated at $285,000 per acre. This owner-user investment opportunity presents a strong return and excellent potential for future growth, given its strategic location near major retailers and Mineral Wells High School. The property includes one single-story building. The lease type is gross. The parcel ID is 5289 & 5290.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mineral Wells
- County
- Palo Pinto
- State
- Texas
- Longitude
- -98.0731
- Latitude
- 32.8107
