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$270,000 Just Listed
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Property Description
Located at 1500 S Oak Ave, in Mineral Wells, this versatile commercial property features two separate units under one roof, offering an excellent opportunity for investors or owner-operators. The building includes two independent entrances, allowing each space to operate separately. Both units are equipped with their own restroom and kitchenette, making them ideal for small retail, office, service businesses, or studio use. One side of the property is currently leased to a long-term tenant, providing immediate income. The second unit has been recently remodeled and is move-in ready, giving a new owner the flexibility to lease it for additional cash flow or occupy the space. The layout makes this property ideal for dual tenants, live-work concepts, professional services, or small retail operations. Property Highlights * Two commercial units under one roof * Separate entrances for each unit * Each unit includes bathroom and kitchenette * One long-term tenant in place * Second unit remodeled and ready for lease * Flexible commercial use potential Located on busy 281 street in Mineral Wells, TX with approximately 5,000 vehicles per day in traffic exposure Perfect for investors seeking stable income with upside potential or an owner-operator who wants to occupy one side while collecting rent from the other. Do not disturb tenants ! showing by appointment only.
Full Property Details
Full Property Details for 1500 S Oak Ave
General
- Price: $270,000
- Status: Active
- Type: Retail
- Source: NTREIS
- MLS ID: 21203405
- Updated: Today (3/10/2026)
- Added to Site: Today
Business
- Business Type: Other
Interior
- Flooring: Concrete
Parking
- Parking Features: Additional Parking, Asphalt
Location
- County: Palo Pinto
- Subdivision: LAWN PLACE #1
- Driving Directions: Located on S Oak st, AKA 281 , cross street SW 14th
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Steel Siding
- Roof: Flat
- Stories/Levels: 1
- Square Feet: 2,200
- Sq. Ft. Source: Appraiser
- Year Built: 1964
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,583.2
- Lot Size Source: Appraiser
- Potential Use: Industrial, Office, Retail, Warehouse
- Zoning: Ask city
Financial Considerations
- Tenant Pays: All Utilities
Disclosures and Reports
- Inclusions: Building Only
- Property ID: R000019103
Listed by Independent Realty, Naor Biringer
Get Pre-Approved Today
Schools
Schools serving 1500 S Oak Ave
School District:Mineral Wells Independent School District
| Name | Grades | Distance |
|---|---|---|
Travis Elementary School, Mineral Wells, TX 1001 Southeast Martin Luther King Junior Street, Mineral Wells, TX 76067 | PK-6 | 0.7 mi |
Mineral Wells J High School 1301 Southeast 14th Avenue, Mineral Wells, TX 76067 | 7-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1500 S Oak Ave
Date
Details
Price
Change
Source
3/10/2026
Listed
$270,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1500 S Oak Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,580
-4%
$131,930
12%
2023
$2,685
-7%
$118,180
—
2022
$2,894
-5%
$118,180
7%
2021
$3,045
-6%
$110,050
—
2020
$3,224
29%
$110,050
29%
2019
$2,491
2%
$85,450
—
2018
$2,452
3%
$85,450
—
2017
$2,374
64%
$85,450
61%
2016
$1,444
—
$53,140
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1500 S Oak Ave
1500 S Oak Avenue, Mineral Wells, TX 76067 (MLS# 21203405) is a Retail property. 1500 S Oak Avenue is currently listed for $270,000 and was received on March 10, 2026. Want to learn more about 1500 S Oak Avenue? Do you have questions about finding other Retail real estate for sale in Mineral Wells? You can browse all Mineral Wells real estate or contact a Coldwell Banker agent to request more information.

