High visibility on the Mineral Wells Hwy corrider between Weatherford and Mineral Wells known as Cool Tx. Value -add invester opportunity in Weatherford-Cool! This 1.118 acre prtoperty on high-traffic Mineral Wells Hwy (US180) features a 35 unit storage facility, a large 1800 Sq Ft commercial workshop, and a 600 sq ft 1bed 1 bath fixer upper home. Due strictly to past property managment challenges, the storage facility is heavily under rented ( only 4 units currently occupied), offering an incredible turnaround play. Storage infrastructure includes 31 (10x10) units at market rent of $85.00-mo and 4 (5x5) units at $55.00-mo, projecting a baselinestorages gross income of $2,855-mo ( $34,260-yr.) at full occupancy. The large, 1800 sq.ft workshop is perfectfor a contractor, mechanic, or owner operator, or leased out for additional income. The 1.188 acres offers execellent highway visibility, prominent signage potential, and ample open land( with 4 ingress-egress options) to expand into lucrative boat-rv parking. Bring your management skills to unlock this multi-stream income property.
| MLS # | 21409138 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 2014 |
| Days On Site | 14 |
| Listing Provided By | EQUISTAR PROPERTIES | ROBERT PETERSEN |
| SQ Feet | 5,792 |
|---|---|
| Story(s) | 1 |
| Zoning | not zoned |
| Acreage | 1.19 |
| Cooling | Other |
|---|---|
| Heating | Other |
| Roof | Composition, Metal |
|---|---|
| Security Features | Unknown |
| Construction Materials | Metal Siding, Wood |
| Foundation Details | Slab |
| Parking Features | Asphalt, Electric Gate, Storage |
|---|
| Utilities | All Weather Road, Asphalt, Co-op Electric, Co-op Water, Private Sewer, Septic |
|---|
| State | TX |
|---|---|
| County | Parker |
| City | Weatherford |
| Zip Code | 76088 |
| Area | Parker |
| Listing VS Median (in 76088) | |
Price: $350,000 low | high Med: $577,450 sqft: 5,792 low | high Med: 2,548 $ / sqft: $60 low | high Med: $239 On site: 14 low | high Med: 100 | |
| State | TX |
|---|---|
| County | Parker |
| City | Weatherford |
| Zip Code | 76088 |
| Area | Parker |
| Listing VS Median (in 76088) | |
Price: $350,000 low | high Med: $577,450 sqft: 5,792 low | high Med: 2,548 $ / sqft: $60 low | high Med: $239 On site: 14 low | high Med: 100 | |