7220 Palo Pinto Highway Mineral Wells, Texas 76067

Investment Overview

SPECTACULAR RIVERFRONT DEVELOPMENT OPPORTUNITY: 11.9 acre nexus connecting river, road, city and sky. Known regionally as the Gateway to Mineral Wells, this landmark property is situated at the intersection of US Route 180 and the upper Brazos River, less than 5 miles west of the historic Baker Hotel and Spa and only 20 miles south of the Morris Sheppard Dam at Possum Kingdom Lake.

 

DEEP WATER RIVERFRONT LANDMARK is suitable for resort style corporate conference center, destination hospitality or wilderness adventure/waterpark development. Known as the Hill Country of the North, the property is part of the Palo Pinto Mountain range which covers Stephens, Jack and Palo Pinto counties and will soon be home to the Palo Pinto Mountains State Park scheduled to open in 2023.

 

SALE PRICE: $2,200,000.00 (includes water pumping rights and Take Point infrastructure)

LOT SIZE: 11.89 Acres

PRICE/ACRE: $185,029.00

PRICE/FOOT: $4.25

MARKET: Dallas/Fort Worth/Weatherford

ZONING: No municipal zoning. Public Safety and Health services by Palo Pinto County. River water

pumping regulated by Brazos River Authority

Area Overview

SPECTACULAR RIVERFRONT DEVELOPMENT OPPORTUNITY: 11.9 acre nexus connecting river, road, city and sky. Known regionally as the Gateway to Mineral Wells, this landmark property is situated at the intersection of US Route 180 and the upper Brazos River, less than 5 miles west of the historic Baker Hotel and Spa and only 20 miles south of the Morris Sheppard Dam at Possum Kingdom Lake.

 

DEEP WATER RIVERFRONT LANDMARK is suitable for resort style corporate conference center, destination hospitality or wilderness adventure/waterpark development. Known as the Hill Country of the North, the property is part of the Palo Pinto Mountain range which covers Stephens, Jack and Palo Pinto counties and will soon be home to the Palo Pinto Mountains State Park scheduled to open in 2023.

 

SALE PRICE: $2,200,000.00 (includes water pumping rights and Take Point infrastructure)

LOT SIZE: 11.89 Acres

PRICE/ACRE: $185,029.00

PRICE/FOOT: $4.25

MARKET: Dallas/Fort Worth/Weatherford

ZONING: No municipal zoning. Public Safety and Health services by Palo Pinto County. River water

pumping regulated by Brazos River Authority

Highlights

• Landmark: With a sea level elevation of 930’ and about 80 feet of prominence above the highway, the mesa is known regionally as the Gateway to Mineral Wells.
• US 180: Highway frontage starting at Brazos River bridge and running east about 750’.
• Riverfront: River access starts at US 180 bridge right-of-way and runs north about 1100’.
• Water: Unlimited pumping rights from spring-fed deep water river granted by Brazos River Authority.
• “Take Point” Infrastructure: Original river “Take Point”, which provided raw water from the Brazos River to the City of Mineral Wells from 1936 to 1959, remains in place and is still functional.
• Power: On-site, pole-mounted Electrical Grid owned and maintained by Oncor Electric Delivery or United Electric Coop Services.
• Rough site grading for auto and river access is in place.