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115 E Commerce St, Mineola, TX 75773
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$2,000,000
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Home Details for 115 E Commerce St
Price
$2,000,000
Type
Commercial/Industrial
Year Build
1885
Sq. Ft.
21117
Lot Size
0.3
County
Wood
MLS®️ Listing#
25008608
On exitrealty.com
170 days
Property Description
High-Reward Investment: Shape Mineola’s Arts District with a Historic Hotel This restored 20,000-square-foot boutique hotel, built in 1886, is a rare investment opportunity to transform Mineola, Texas, into a thriving arts and cultural hub. Located steps from the Amtrak station, it offers unmatched accessibility to visitors from Dallas (1.5 hours away) and beyond, making it the cornerstone of Mineola’s arts district. Why Invest? Prime Location & Accessibility Across from the Amtrak station, the hotel attracts tourists, train travelers, and art enthusiasts. It features 18 renovated guest rooms, a converted art studio, and three leased galleries (including a winery), generating steady income. Seven additional rooms await renovation for guest suites, studios, offices, or boutique retail. Fiber-optic internet ensures modern connectivity. Diverse Revenue Streams Hospitality: 18 stylish rooms and a 4-bedroom suite for boutique lodging. Events: A grand ballroom ideal for exhibitions, tastings, and cultural events. Dining & Entertainment: A lobby bar and cigar lounge ready for rebranding. Retail & Creative Spaces: Four leased galleries with space for more. Outdoor Potential: Grounds for art installations, markets, or festivals. Tourism Appeal & Incentives Mineola’s attractions—like the Nature Preserve, Historic Select Theater, and Lake Fork—draw consistent visitors. Located in a Rural Opportunity Zone (ROZ), the property offers lucrative tax benefits, including a 50% improvement threshold, 30% basis step-up after five years, and 100% capital gains exclusion after 10 years. A Visionary Opportunity With cash flow from leased galleries and seven rooms ready for transformation, this historic hotel is a launchpad for bold, high-return projects. Act Now: Contact your agent today to secure your stake in Mineola’s arts renaissance.
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- Cooling Information
- Central Air
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- Utilities
- Natural Gas Available
Listing Courtesy: The Property Shoppe - eXp Realty, LLC - 903-561-2200. Presented by: Cindi Featherston-Shields
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater Tyler Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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