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    Memphis, TX Hotels for Sale

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    Childress, TX Turkey, TX Clarendon, TX
    Historic Hotel Requiring Total Restoration
    $295,000
    42,000 SF

    Historic Hotel Requiring Total Restoration

    421 W. Main Street, Memphis, TX 79245

    Historic hotel with retail spaces requiring complete restoration.

    • New "TPO" Roof (in process of installation)
    • Historic Hotel (approx. 42,000 sq ft) with Owner's Apartment
    • Located across from Historic Courthouse undergoing $10 Million++ Restoration
    • Potential for 32‑39 Rooms plus multiple retail spaces, restaurant, and ballroom
    • Original Pressed Tin Ceilings, Moldings, Terrazzo Floors, and Hall of Mirrors
    Updated: Aug 25, 2022
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Memphis, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Amarillo Hotel Repositioning Opportunity
    $2,975,000
    33,968 SF

    Amarillo Hotel Repositioning Opportunity

    107-key hotel with repositioning strategies in growing Amarillo market.

    1620 E INTERSTATE 40, Amarillo, TX 79103
    View details
    Historic Hotel in Friona, Texas
    $175,000
    5,152 SF

    Historic Hotel in Friona, Texas

    Historic hotel in Friona, Texas, with income potential.

    515 N Main Street, Friona, TX 79035
    View details
    Amarillo Land For Sale
    $5,305,608
    20.00 Acres

    Amarillo Land For Sale

    20 acre land parcel suitable for retail, office, hotel.

    W IH 40, Amarillo, TX 79124
    View details
    Historic Hotel in Friona, Texas
    $175,000
    5,152 SF

    Historic Hotel in Friona, Texas

    Historic hotel with income potential in Friona, Texas.

    515 N Main Street, Friona, TX 79035
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Amarillo Development Opportunity on I-40
    $3,126,911
    19.94 Acres

    Amarillo Development Opportunity on I-40

    19.94-acre commercial land with I-40 frontage in Amarillo, Texas.

    9151 E Interstate Drive, Amarillo, TX 79118
    View details
    Prime Commercial Land Opportunity
    $1,300,000
    137,967 SF

    Prime Commercial Land Opportunity

    Ideal location for hotel, storage, warehouse, or commercial business.

    2908 Dimmitt Road, Plainview, TX 79072
    View details
    Commercial Land in Levelland, Texas
    $625,000
    20.00 Acres

    Commercial Land in Levelland, Texas

    20-acre commercial tract ideal for development in Levelland, Texas.

    508 Clubview Drive, Levelland, TX 79336
    View details
    Prime Woodward Commercial Land Opportunity
    $75,000
    0.26 Acres

    Prime Woodward Commercial Land Opportunity

    Visible corner lot on Woodward's Main Street, ready for development.

    1001 Main St, Woodward, OK 73801
    View details

    Memphis, TX Hotels Investment Opportunities Market Analysis

    Explore 1 hotels for sale in Memphis, TX on our real estate platform. These investment opportunities span a total of 42,000 square feet of properties for sale, with an estimated market value of $295,000.

    Sale prices for resorts in Memphis, TX start at $295,000, averaging $295,000, and reaching up to $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

    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 median 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 sq ft
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

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