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$2,000,000
Est. payment /mo
21,117 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 21,117 sqft
Price per Sqft $94
Subdivision Tx
MLS Listing ID 25008608
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions See WCAD Map in Assoc Doc
Property Sub-Type Building
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.
Location
State TX
County Wood
Area Wood
Zoning Commercial
Interior
Heating Central Gas
Cooling Central Electric
Exterior
View Y/N No
Building
Sewer Public Sewer
Others
Miscellaneous Security System,Security Lighting
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Cindi Featherston-Shields • The Property Shoppe - eXp Realty, LLC
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