9990 Mineral Wells Highway, Weatherford, TX 76088
sale
$350,000
|
Other
Courtesy Of EQUISTAR PROPERTIES, Listed By ROBERT PETERSEN
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.
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Property Features
- Age: 11-20 Years Old
- Building Units: 35
- Exterior Type: WoodSiding
- Exterior Type: MetalSiding
- Floor Covering: Concrete
- Floors: 1
- MLSID: 21409138
- Roof Type: Composition
- Roof Type: Metal
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