Mineral Wells, TX 76067 401 W Hubbard Street
$485,000



13 more














Presented By: Carolyn Shipp with SOURCE 1 REAL ESTATE - Mineral Wells; 940-325-9144
Home Details
Investment Opportunity in Downtown Mineral Wells. This fully leased, income-producing building features 6 individual units, making it an ideal opportunity for investors seeking reliable cash flow. Currently home to a diverse mix of tenants including a beauty salon, insurance agency, law firm, and healthcare company, the property offers a multitude of potential uses—perfect for office, retail, or professional services.
Located in the heart of downtown Mineral Wells, the building enjoys excellent visibility and accessibility, just steps from the fire department, police station, and downtown shopping and dining.
Tenants and customers alike will appreciate the 12 dedicated parking spaces, a valuable amenity in the downtown area.
Annual Average Daily Traffic Count for this area is 7,270 with a 4% annual growth. Information provided from TXDOT.
Unit 401 has 6 offices, a kitchen, 3 bathrooms, a conference room and 2 storage rooms.
Presented By: Carolyn Shipp with SOURCE 1 REAL ESTATE - Mineral Wells; 940-325-9144
Interior Features for 401 W Hubbard Street
Other Interior Features
SQFT Gross9718
Lock Box TypeNone
FlooringCarpet
Occupancy Rate100
Total Stories1
Total Units6
General for 401 W Hubbard Street
Accessibility FeaturesAccessible Approach with Ramp
Building UseBeauty/Barber, Office, Other
Business TypeBarber/Beauty, Commercial, Health Services, Professional Office, Professional Service, Other
Ceiling Height8 to10 Feet
CityMineral Wells
Construction MaterialsBrick, Frame
CoolingCentral Air, Electric
CountyPalo Pinto
DirectionsUS Hwy 180 west (cross over US Hwy 281) to 401 W. Hubbard St. (US Hwy 180). Property is on the south side of US Hwy 180.
Gross Annual Expenses21263.00
HeatingCentral, Electric
Insurance Expense10979
Listing TermsCash, Conventional
Number Of Leaseable Spaces6
Number Of Spaces Leased6
Occupant TypeTenant
Operating Expense IncludesInsurance, Water/Sewer, Other
Owner PaysWater
PossessionLease Outstanding
Property SubtypeOffice
Property TypeCommercial Sale
RoofOther
Standard StatusActive
StatusActive
Subdivision NameLynch
Tenant PaysElectricity
Unexempt Taxes10865
UtilitiesCable Available, City Sewer, City Water, Concrete, Curbs, Electricity Connected
Virtual Tour URL UnbrandedClick here
Will SubdivideSubdivided
Year Built1965
Year Built DetailsPreowned
Zoning DescriptionCommercial
Exterior for 401 W Hubbard Street
Building Area Total5738.00
Foundation Slab
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.3440
Lot Size Area0.3440
Lot Size SourceAssessor
Lot Size Square Feet14984.6400
Lot Size UnitsAcres
Parking FeaturesConcrete, Off Street, Parking Lot, Unassigned
Road Frontage TypeHighway