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    108 Johnson St Mineola, TX 75773

    For Sale
    $950,000

    Thriving Tavern & Apartment Included

    Property size:
    3,168 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity in Mineola, Texas, presents a chance to acquire a highly successful commercial property at 108 S. Johnson Street. The property encompasses 3,168 square feet of land and features the renowned RNA Tavern, a well-established bar and humidor boasting a 4.9-star Google rating. Opened in 2019, the RNA Tavern is a beloved local establishment known for its craft cocktails and welcoming atmosphere, attracting both residents and visitors. Adding to the property's appeal is a one-bedroom apartment situated above the tavern, currently utilized as a short-term rental, providing additional income potential. The current general manager is committed to ensuring a smooth transition for the new owner, offering continuity and expertise. This turnkey operation presents a unique chance to own a thriving business in a vibrant community. The asking price for this prime commercial land and established business is $950,000. Located in Wood County, Texas, with a Mineola, TX 75773 zip code, this property offers a compelling blend of established income and future growth potential. The property's prime location and the tavern's strong reputation make this an attractive investment for those seeking a profitable venture in a desirable Texas town.

    Property Features for 108 Johnson St

    General Information

    Property type
    Land
    Square Feet
    3,168 SF

    HighLights

    • $950,000 asking price.
    • 3,168 square foot commercial land parcel in Mineola, TX.
    • Includes the established RNA Tavern (4.9‑star Google rating), a bar and humidor.
    • Features a one‑bedroom apartment above the tavern, currently used as a short‑term rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mineola
    County
    WOOD
    State
    Texas
    Longitude
    -95.4896403
    Latitude
    32.663337

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    FAQs

    What type of property is this?
    Land - Thriving Tavern & Apartment Included
    Where is this land located?
    The property is located at 108 Johnson St Mineola, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price.; 3,168 square foot commercial land parcel in Mineola, TX.; Includes the established RNA Tavern (4.9-star Google rating), a bar and humidor.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Johnson St Mineola, TX 75773
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