Hotel

Memphis, TX Hotels for Sale

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Wellington, TX Clarendon, TX Childress, TX Turkey, TX
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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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.

80-Unit Hotel with Hilton Support
80-Unit Hotel with Hilton Support

4003 S Loop 289, Lubbock, TX 79423

$6,400,000
37,368 sqft

Renovated limited-service lodging property approved for conversion to a Spark flag.

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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.

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Midscale Downtown Hotel Opportunity
Midscale Downtown Hotel Opportunity

601 & 607 Avenue Q, Lubbock, TX 79401

Contact for pricing

Renovated 138-room, two-story hotel with on-site pool, patios, and 99 surface parking spaces across two parcels.

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Relax Inn – Amarillo, TX
Relax Inn – Amarillo, TX

6030 I-40 West, Amarillo, TX 79106

$2,900,000
27,525 sqft 1.53 AC lot

Relax Inn – Amarillo, TX

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Memphis, TX Hotels Market Trends and Statistics

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

Sale prices for resorts 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%

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