507 Garrett Morris Pkwy, Mineral Wells, TX 76067

$525,000

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List Price
$525,000
MLS#
20805193
Status
ACTIVE
Type
Land
Subtype
Land
Acres
10
County
Palo Pinto
City
Mineral Wells
Subdivision
NA

Property Description

Prime 10-Acre Vacant Land for Sale near Downtown Mineral Wells, TX Approximately half a mile from Hwy 180. Embrace a golden opportunity to own a sprawling 10-acre parcel of vacant land located in close proximity to the thriving downtown area of Mineral Wells, Texas. With the ongoing revitalization efforts in the heart of the city and its surrounding attractions, this property promises an exciting investment for both developers and nature enthusiasts. **Investment Opportunity:** With Mineral Wells' ongoing transformation and the allure of Lake Mineral Wells State Park nearby, this 10-acre vacant land parcel presents a unique investment opportunity. Whether you're looking to develop a residential community, commercial venture, or simply secure a piece of Texas beauty, this property is a blank canvas awaiting your creative touch. This land is adjacent to property that will contain Mineral Wells’ first master-planned development in the city’s history, The Wells. This is a 486 lot housing project on 113 acres, and is located on Mineral Wells’ southeast corner on the east side of Garrett Morris Parkway. Ceremonial groundbreaking for this property took place in the fall of 2022. This development will include a T-ball field, a fishing area, and several picnic areas. Downtown Mineral Wells is currently undergoing a revitalization effort which includes renovation of the Crazy Water Hotel which has already re-opened and the future grand opening of the Baker Hotel and Spa. This property is also located 4 miles from Lake Mineral Wells State Park which has areas for camping, fishing, rock climbing, and hiking.

Additional Information

Unexempt Taxes
$3,705
Lot Size
435,600
Lot Description
Trees
School District
Mineral Wells Isd
Elementary School
Lamar
Middle School
Mineralwel
High School
Mineralwel
Proposed Use
Commercial, Development, Horses, Investment, Multi-Family, Storage, Place Of Worship, Residential, Retail, Single Family, Development, Unimproved, Vacant, Warehouse
Possession
CloseOfEscrow

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Suzan Nicholson from eXp Realty, LLC. Contact: 888-519-7431