115 E Commerce St - Hospitality FOR SALE


Mineola, TX 75773
$2,000,000 USD
903-330-2919
115 E Commerce St, Mineola, TX for Sale
$2,000,000 USD
Hospitality - FOR SALE
1/32
null | Request Cap Rate

115 E Commerce St
Mineola, TX 75773


HIGHLIGHTS

  • Historic Property
  • Storefront spaces
  • Restaurant and Outdoor Space

OVERVIEW

Rare Opportunity to Own a Historic Boutique Hotel in East Texas Step into history and secure a timeless investment with this stunning 20,000-square-foot boutique hotel, located in a picturesque East Texas town. Originally built in 1886, this European-inspired property is steeped in character and charm, offering an unparalleled opportunity for discerning investors to own a piece of history that has been meticulously restored and modernized. After undergoing extensive renovations, the property has been reintroduced to the market, welcoming overnight guests for the first time in over 40 years. With its strategic blend of historic charm and modern amenities, this hotel offers limitless potential as a revenue-generating venture for hospitality, retail, and events. Property Highlights: Accommodations: 20+ private guest rooms and a luxurious 4-bedroom suite, providing multiple options for overnight stays or long-term rentals. Event Spaces: An elegant ballroom, perfect for weddings, corporate events, and private gatherings, ensuring consistent event revenue. Dining & Entertainment: A sophisticated lobby bar for guest and community engagement. A fully equipped restaurant with a commercial kitchen and full bar ready to serve culinary delights. A refined cigar bar, offering a tranquil escape for patrons. Retail & Commercial Opportunities: Retail spaces with high visibility for boutique shops or unique offerings. Living quarters that could easily be converted into additional retail or commercial spaces. Outdoor Space: Ideal for intimate events, al fresco dining, or further development opportunities. This property is not only a turnkey business ready to operate, but it also presents vast possibilities for expansion and customization. Whether you envision a luxury boutique hotel, a mixed-use development, or a multi-faceted event venue, this asset opens the door to endless opportunities. Prime Location: Nestled in a quaint, sought-after East Texas town with high tourist appeal. Historic Significance: A rare offering of a fully renovated property with a legacy dating back to 1886. Revenue Streams: Multiple income opportunities from hospitality, dining, retail, and events. Future Growth Potential: The layout and amenities provide flexibility for creative uses and additional revenue generation. This is more than a property; it’s a unique chance to own and grow a thriving business in a market that values heritage, charm, and modern luxury. Don’t miss the opportunity to invest in a historic masterpiece with unlimited potential.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$103 USD /SF

# OF ROOMS

28

PRICE/ROOM

$71,429 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic Boutique Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1886

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C

APN/PARCEL ID

R35533

ASK ABOUT THIS PROPERTY

Kim HouserThe Property Shoppe Group - eXp RealtyMore Info
903-330-2919

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Kim HouserThe Property Shoppe Group - eXp RealtyMore Info
903-330-2919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.