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    115 Neal St Martin, TN 38237

    For Sale
    $1,300,000

    Shopping Center - Martin, TN

    Property size:
    12,940 SF
    Days on Market:
    302
    Last Refresh:
    Dec 11 at 7:06 pm

    Property Features for 115 Neal St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-3
    APN
    021.01
    Size
    12,940 SF

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1946
    Number of units
    9
    Building materials
    Brick
    Architectural style
    Other

    Wendell Alexander Realty (731) 364-5368 [email protected]

    Listing agent ALEX BYNUM (731) 281-1220 License #320284

    Listing date Feb 13, 2025

    MLS# 44687 Listing URL

    Copyright © 2025 Reelfoot Regional Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Shopping Center in Martin, TN

    This commercial property, located in Martin, TN, features a remodeled shopping center with 12940 square feet of living area. The property is zoned B-3 and currently houses 6 established businesses. It includes a versatile event space and benefits from a downtown location. The infrastructure is well-maintained, and the property has a strong community presence with potential for further growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tennessee Quality Care ... Hospice Live Oak Office Office Supply Store Tennessee Quality Care Home Health Care Service Martin Courtyard | Venue Event Venue

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Similar Places Nearby

    Boy Scouts Recycle Bin

    Location Insight

    • Map
    • Local Demand
    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.8513186
    Latitude
    36.3444237

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      Commercial Property in Downtown Martin

      Prime commercial property with established businesses and growth potential.
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    FAQs

    What type of property is this?
    Shopping center - Commercial property with established businesses and downtown location in Martin.
    Where is this shopping center located?
    The property is located at 115 Neal St Martin, TN.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Six established businesses provide immediate income and stability.; - Prime downtown location offers **high visibility and accessibility**.; - Versatile event space allows for diverse revenue streams.
    (731) 281-1220
    Request Owner's contact information
    115 Neal St Martin, TN 38237
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    Martin, TN 38237
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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
    115 Neal St Martin, TN 38237
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