1504 Oak Ave Mineral Wells, TX 76067-6950
Property profile & analytics
1504 Oak Ave Mineral Wells, TX 76067-6950
- Commercial real estate
- 25,920 SF
- 0.22 lot acres
Property ID
US82-5587780
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Jesse's Drive-In / Restaurant
Property Details for 1504 Oak Ave
- Year built
- 1966
- Lot size
- 0.22 lot acres
- Property size
- 25,920 SF
- Property type
- Commercial real estate
- APN
- 151600000
- APU
- 151600000
Description
This iconic Mineral Wells, Texas drive-in restaurant, established in 1980, is available for $299,000. Located on a high-traffic section of US Highway 281, this 1,296 square foot, single-story building sits on a 0.22-acre lot and is zoned for general retail. The property includes all necessary equipment for continued operation, including a new freezer, a new four-compartment sink, a grill, three freezers (one walk-in), four fryers, soda machines, and a soft-serve machine. This turnkey operation offers an immediate opportunity for an owner-operator to take over a well-established business with a loyal customer base, evidenced by numerous positive reviews from patrons across the country. Alternatively, the property presents a prime commercial real estate investment opportunity, allowing for either a replacement restaurant or lease to a new tenant. The property's location benefits from the economic growth of Mineral Wells, home to notable attractions like The Crazy Water Hotel and The Baker Hotel and Spa. All information is deemed reliable but not guaranteed and should be independently verified. The property is located at 1504 S Oak Ave, Mineral Wells, TX 76067.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mineral Wells
- County
- Palo Pinto
- State
- Texas
- Longitude
- -98.1132
- Latitude
- 32.7973
- CBSA code
- 33420
- CBSA name
- MINERAL WELLS, TX MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,585
$60,000
$141,830
$201,830
-
$60,000
$141,830
$201,830
