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215 NE 27th Ave 6,838 SF Retail Building Mineral Wells, TX 76067 $1,683,200 ($246.15/SF) 6.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime Location: High visibility and accessibility in a vibrant Mineral Wells neighborhood, poised for growth.
- Large Dining Area: Spacious and adaptable for buffets, large parties, or reconfigured layouts.
- Fully Equipped Kitchen: Commercial-grade appliances ready for high-volume operations.
- Drive-Through Lane: A valuable feature for added convenience and revenue potential.
EXECUTIVE SUMMARY
Capitalize on a rare investment opportunity at 215 NE 27th Ave, Mineral Wells, TX, home to the thriving Kirin Asian Buffet! Strategically located in the heart of Mineral Wells—a rapidly growing community west of Fort Worth—this commercial property is perfectly positioned to benefit from the region’s economic boom. With Weatherford and Mineral Wells emerging as the next hot spots for business and development, this high-traffic location offers unmatched potential for investors or restaurateurs. Whether you’re seeking to purchase the real estate as a passive investment with the current owner continuing to operate the successful buffet or acquire both the property and business to launch a new culinary concept, this is your chance to invest in a future economic powerhouse.
This turnkey commercial space is designed for seamless restaurant operations, featuring a fully equipped commercial kitchen with top-of-the-line appliances for high-volume food preparation, a spacious dining area ideal for buffet-style service or large gatherings, and a convenient drive-through lane to attract on-the-go customers. The versatile layout supports a variety of dining concepts, from Asian cuisine to fast-casual or family-style restaurants, making it a prime choice for diverse business models. Ample parking ensures guest accessibility, enhancing the property’s appeal in this bustling area.
Mineral Wells is a welcoming community with a median home price of $205K, reflecting an affordable and attractive market for businesses. With the region west of Fort Worth experiencing continuous economic growth, Mineral Wells and nearby Weatherford are becoming the next economic hotspots, drawing investors and entrepreneurs. This property at 215 NE 27th Ave is a unique opportunity to invest in the heart of this dynamic dining scene, with the flexibility to align with your investment goals. Whether you’re seeking a hands-off real estate venture or the chance to create a new dining destination, this property is your gateway to success in a booming market!
This turnkey commercial space is designed for seamless restaurant operations, featuring a fully equipped commercial kitchen with top-of-the-line appliances for high-volume food preparation, a spacious dining area ideal for buffet-style service or large gatherings, and a convenient drive-through lane to attract on-the-go customers. The versatile layout supports a variety of dining concepts, from Asian cuisine to fast-casual or family-style restaurants, making it a prime choice for diverse business models. Ample parking ensures guest accessibility, enhancing the property’s appeal in this bustling area.
Mineral Wells is a welcoming community with a median home price of $205K, reflecting an affordable and attractive market for businesses. With the region west of Fort Worth experiencing continuous economic growth, Mineral Wells and nearby Weatherford are becoming the next economic hotspots, drawing investors and entrepreneurs. This property at 215 NE 27th Ave is a unique opportunity to invest in the heart of this dynamic dining scene, with the flexibility to align with your investment goals. Whether you’re seeking a hands-off real estate venture or the chance to create a new dining destination, this property is your gateway to success in a booming market!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,838 SF
Building Class
C
Year Built
1983
Price
$1,683,200
Price Per SF
$246.15
Cap Rate
6.50%
NOI
$109,408
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.07 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
70 Spaces (10.24 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 043310000 | Improvements Assessment | $535,010 |
| Land Assessment | $69,780 | Total Assessment | $604,790 |
PROPERTY TAXES
Parcel Number
043310000
Land Assessment
$69,780
Improvements Assessment
$535,010
Total Assessment
$604,790
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215 NE 27th Ave
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