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1504 S Oak Ave

1,296 SF Retail Building Mineral Wells, TX 76067 $299,000 ($231/SF)

Investment Highlights

  • Great visibility on US Hwy 281
  • Nice income for owner-operator!
  • Iconic Drive-In with great reputation!

Executive Summary

Iconic Drive-In FOR SALE on high-traffic US Hwy 281! Perfect owner-operator opportunity! This listing includes the property AND everything you need to seamlessly continue the tradition and enjoy the BOOM of Mineral Wells, Texas, home of The Crazy Water Hotel and The Baker Hotel and Spa. Jesse’s Drive-In was established in 1980 and has been an iconic burger restaurant its entire existence. Visitors travel from miles away to enjoy Jesse's burgers, curly fries, shakes and more! Check out their guestbook where people from all over the country talk about Jesse's being one of their favorite stops on Highway 281. This restaurant features a NEW Freezer, NEW 4 compartment sink, a grill, 3 freezers total, a walk in refrigerator, 4 fryers, soda machines and a soft serve machine, just to name a few of the many items that come with this turn-key business. All information in this listing is deemed reliable but is not guaranteed and should be independently confirmed by buyer.

Property Facts

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,296 SF
Building Class
C
Year Built/Renovated
1966/1980
Price
$299,000
Price Per SF
$231
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.22 AC
Zoning
Commercial - General Retail - Buyer must verify with the City of Mineral Wells.
Frontage
130 FT on US Hwy 281/S Oak Ave

Amenities

  • Signage
  • Storage Space
  • Air Conditioning

Nearby Major Retailers

Brookshire's
IGA

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
151600000
Land Assessment
$60,000
Improvements Assessment
$141,830
Total Assessment
$201,830
  • Listing ID: 32393924

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 1504 S Oak Ave, Mineral Wells, TX 76067

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