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Historic Hotel And Event Venue East Texas For Sale

Mineola, Texas, US
Real Property Price:
$1,850,000 Furniture / Fixtures included
Lease Price:
$1,850,000 Furniture / Fixtures included
Sales Revenue:
$100K - $250K
Cash Flow:
$50K - $100K

Fully operating boutique hotel, grand ballroom event venue, and multi-tenant
commercial building in the heart of downtown Mineola, Texas — 90 minutes from Dallas. Built in 1892, fully restored, and income-producing from day one.
This is not a startup. It has regulars, a reputation, and multiple revenue streams already running:

  • Hotel: 13 individually styled guest rooms on the 3rd floor — exposed brick, individual climate control, sumptuous bedding. Booked weekenders, event guests, and Amtrak travelers.
  • Long-term rental: 2nd floor unit (2,509 SF, 5 rooms) leased long-term at $900/month — stable baseline income.

Grand ballroom: 2,156 SF event space with a historic floating spring dance floor.
Weddings, corporate retreats, and private events

  • Tenants: 8 fully leased ground-floor units with a mix of retail and service tenants, generating foot traffic and rent every month.
  • Courtyard events: rear courtyard hosts evening concerts and community gatherings

year-round.

Property Information

Real Estate:

Available as lease or with real property included

Living Accommodation:

there are some existing spaces on the premises that owner could live/operate form- owner could also build to suit in the unfinished space on 2nd floor or could live offsite, or convert 2nd building to living quarters and not detract from revenue generating spaces

Location:

Downtown Mineola, Texas — prime corner position on East Commerce Street, directly adjacent to the Mineola Amtrak station. 90 minutes from Dallas, 60 minutes from Tyler. Anchors Mineola's historic arts and cultural district.

Premises Details:

Three-story, ~20,000 SF historic brick building built in 1892. Fully restored. Includes 13 hotel rooms (3rd floor), grand ballroom event space (2nd floor), 8 leased ground-floor commercial units, covered rear courtyard, caretaker's quarters, and private parking lot. Texas Historical Commission Landmark.

Size in square feet:
20,000

Business Operation

Expansion Potential:

1,250 SF of unfinished 2nd floor space (6 rooms, 5 bathrooms) ready for conversion to additional hotel rooms, short-term rentals, or owner's quarters. Full activation of all 13 hotel rooms and dedicated ballroom marketing could push NOI from $74K to $120K–$155K+ within 24–36 months. Soft-brand affiliation (Ascend, Tapestry, Vignette) is an option for a new owner seeking distribution support.
Could also have some space dedicated to long term rentals, Ballroom/Event Space is underutilized- easy to add revenue quickly with that

Competition / Market:

No comparable boutique hotel or event venue exists in Mineola or the immediate surrounding area. The Beckham operates as the only full-service historic inn and event venue in Wood County, drawing guests from the Dallas–Tyler–Longview corridor. Nearest comparable boutique hospitality is 45+ miles away.

Reasons for selling:

Seller is ready to pass the torch on a fully operational landmark- the hard work is done- needs buyer with vision to take it to next level

Trading hours:

Thursday-Saturday 4-11

Employees:
3

Other Information

Support & training:

Negotiable- depends on what's needed

Furniture / Fixtures value:
$100,000 - included in the asking price
Lease asking price:
$1,850,000 - Furniture / Fixtures included
Home based:
This business can be run from home