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    Memphis, TX
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    Memphis, TX Hospitality Properties for Sale

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    Historic Hotel With Retail Spaces
    Updated: Aug 25, 2022
    Historic Hotel With Retail Spaces

    421 W Main Street, Memphis, TX 79245

    $295,000
    Approximately 43,000 +- SQF (TBV) historic hotel property
    32‑39 rooms when completed
    Owner’s apartment, lobby, private dining rooms, restaurant, ballroom, and meeting areas
    Multiple retail spaces with different addresses
    Original pressed tin ceilings, moldings, terrazzo floors, and hall of mirrors
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Memphis, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    12-Room Inn with Manager’s Quarters
    12-Room Inn with Manager’s Quarters

    912 US 87, Tulia, TX 79088

    $299,000
    1.58 AC lot

    Established hospitality property with office space, guest accommodations, parking, and public water and sewer service.

    View details
    107-Key Furnished Hotel
    107-Key Furnished Hotel

    1620 Interstate 40 E, Amarillo, TX 79103

    Contact for pricing
    33,968 sqft

    Fully furnished lodging asset with potential for extended-stay or workforce-housing conversion.

    View details
    Amarillo By Morning RV Park
    Amarillo By Morning RV Park

    900 S LAKESIDE DR, Amarillo, TX 79118

    Contact for pricing

    RV park positioned beside Interstate 40 in Amarillo, Texas.

    View details
    12-Room Hotel with Manager Quarters
    12-Room Hotel with Manager Quarters

    912 U.S. 87, Tulia, TX 79088

    $299,000

    Brick-veneer lodging property with manager’s quarters, office space, cellar, and on-site parking.

    View details

    Memphis, TX Hospitality Properties Market Trends and Statistics

    Explore 1 hospitality properties for sale in Memphis, TX on our real estate platform.

    Sale prices for hospitality properties in Memphis, TX average $295,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1

    Demographics Overview

    Population 2,291
    Population Growth (5Y) -4.5%
    Median Household Income $46,667
    College Educated 21.7%

    High-Yield Neighborhoods for Investment

    Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    79245 $295K

    Taxes & Financing

    Tax Rate (average for all types) 2.07%
    Property Tax per SF $24.35 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hall County

    New Delisted

    Total CRE Inventory on Market (SF)

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