1235 Mineral Wells Hwy Weatherford, TX 76086
- Retail properties
- 1,500 SF
- 0.26 lot acres
Current Use by Public Records
- West Side Washateria / Laundromat
Property Details for 1235 Mineral Wells Hwy
- Year built
- 1971
- Lot size
- 0.26 lot acres
- Property size
- 1,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This fully operational laundromat in Weatherford, Texas, presents a unique owner-user or investment opportunity. Located at 1235 Mineral Wells Hwy, 76086, this 1,500 square foot, single-story building sits on a 0.256-acre lot and boasts a 100% occupancy rate. Completely renovated in 2023, the property features newly installed HVAC, LED lighting, ceiling fans, fresh interior and exterior paint, a new change machine, a state-of-the-art 24-hour HD video security system, new folding tables, and large all-gas dryers. The building, constructed in 1971, is zoned for commercial use and offers significant potential for expansion due to its prime location and established clientele. The asking price is $399,000, representing a price per square foot of $266. Financial information, including Profit & Loss statements, is available upon request. This turnkey operation includes the property, building, and all business assets. The current Net Operating Income (NOI) is $2,500, resulting in a 0.63% cap rate. This is an exceptional opportunity to acquire a profitable, established business with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Weatherford
- County
- Parker
- State
- Texas
- Longitude
- -97.8176
- Latitude
- 32.7591
