• Office Phone - 214.572.1400
  • Primary - 214.801.4417

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Listing provided courtesy of eXp Realty, LLC- MLS# 20805193MLS ProviderContact Information: Suzan Nicholson - 888-519-7431

507 Garrett Morris ParkwayMineral Wells, TX 76067

Vacant Land · 10.00 Acres
$525,000 Active

507 Garrett Morris Parkway Overview

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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.

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507 Garrett Morris Parkway Facts & Features

  • Type Vacant Land
  • Lot 10.00 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Mineral Wells ISD
  • Elementary School: Lamar
  • Middle Or Junior School: Mineralwel
  • High School: Mineralwel

Business Information

  • Current Use: Unimproved

Location/Region

  • Country: US
  • County Or Parish: Palo Pinto
  • Postal City: MINERAL WELLS
  • Subdivision Name: NA

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: 3705.0

General Information

  • Listing Terms: Cash,Conventional,Federal Land Bank
  • Parcel Number: R000007141
  • Possible Use: Commercial,Development,Horses,Investment,Multi-Family,Mini Storage,Place of Worship,Residential,Retail,Single Family,Subdevelopment,Unimproved,Vacant,Warehouse
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Senior Community: No

Interior

Exterior

Lot Information

  • Lot Features: Acreage,Many Trees
  • Lot Size Acres: 10.0
  • Lot Size Area: 10.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 435600.0
  • Lot Size Units: Acres
  • Number Of Lots: 2
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Road Frontage Type: County Road

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

507 Garrett Morris Parkway Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

507 Garrett Morris Parkway Market Data

Based on the last 30 days in this zip code

$423,179
Average List Price
$211
Average Price per Square Foot
10
Properties Sold
100
Average Days on Market
142
Properties for Sale
Calculations provided by Reliance Network


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