Investment Highlights

803 SW 15th St Mineral Wells, TX 76067

803 SW 15th St, Mineral Wells, TX, 76067
803 SW 15th St, Mineral Wells, TX, 76067 803 SW 15th St, Mineral Wells, TX, 76067 803 SW 15th St, Mineral Wells, TX, 76067 803 SW 15th St, Mineral Wells, TX, 76067 803 SW 15th St, Mineral Wells, TX, 76067 803 SW 15th St, Mineral Wells, TX, 76067
FOR SALE
Property Type:
Other Land
Amount:
$6,500,000
Last Verified:
Dec 02, 2024

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Highlights

  • Sprawling views 120' above downtown Mineral Wells
  • Plateau of 40+ acres for development
  • Versatile potential for various investment opportunities
  • 20 miles west of Weatherford
  • 50 miles west of Fort Worth
  • 73 miles to DFW Airport

Description

Premium Mineral Water Source: The land boasts access to some of the finest mineral water in the region, prized for its purity and therapeutic properties. This natural asset provides a strong foundation for various business ventures, including bottling operations, wellness resorts, and health spas.

Water Rights: Alongside 2 previous wells, the opportunity includes valuable water rights, securing a sustainable supply for commercial use. This asset is particularly advantageous in a region where water scarcity can be a concern, offering long-term security and operational opportunity.

Potential uses: This natural asset provides a strong foundation for various business ventures, including bottling operations, wellness resorts, health spas, and/or residential development.

Location Summary
-Geographical Location: Mineral Wells is situated in North Central Texas, approximately 50 miles west of Fort Worth
-Historical Significance: The city gained prominence in the late 19th and early 20th centuries due to its mineral-rich water springs, which were believed to have therapeutic properties. It became a popular health resort destination, attracting visitors from across the country.
-Tourist Attractions: Mineral Wells boasts several tourist attractions, including the historic Baker Hotel, which was once a luxurious spa resort. Although the hotel has been closed for many years, efforts are underway to restore it to its former glory. Other notable sites include Lake Mineral Wells State Park, which offers opportunities for outdoor recreation such as hiking, camping, and rock climbing.
-Topography: The city is nestled within the Palo Pinto Mountains and lies on the eastern edge of the Cross Timbers region. Its topography features rolling hills, with the Brazos River flowing nearby.
-Transportation: Mineral Wells is accessible via several major highways, including U.S. Route 180 and Texas State Highway 337. The city also has a general aviation airport, Mineral Wells Airport, which serves private and small commercial aircraft.

Lot Size: 124.0 acres


Documents

Offering Memorandum

Map of 803 SW 15th St, Mineral Wells, TX, 76067

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.