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    242 Magnolia Ave Mc Kenzie, TN 38201

    For Sale
    $550,000

    Other - McKenzie, TN

    Property size:
    11,248 SF
    Days on Market:
    275
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 242 Magnolia Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    010.00
    Size
    11,248 SF

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1941
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

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

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

    Listing date Mar 7, 2025

    MLS# 44720 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

    McKenzie, TN Commercial Property

    Located in McKenzie, Tennessee, this commercial property features 24 bedrooms and 18 bathrooms. The 11,248-square-foot building includes a commercial kitchen, dining hall, banquet room, and common area. This property presents opportunities for investors, entrepreneurs, or organizations seeking a strategic location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Senior housing facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mc Kenzie
    County
    Carroll
    State
    Tennessee
    Longitude
    -88.520413
    Latitude
    36.135933

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    FAQs

    What type of property is this?
    Senior housing facility - Commercial property with 24 bedrooms, banquet room, and dining hall.
    Where is this senior housing facility located?
    The property is located at 242 Magnolia Ave Mc Kenzie, TN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - 24 bedrooms and 18 bathrooms, suitable for large groups or commercial use.; - Commercial kitchen, dining hall, and banquet room for food service and events.; - Strategic location in McKenzie, Tennessee, offering accessibility and potential customer base.
    (731) 281-1220
    Request Owner's contact information
    242 Magnolia Ave Mc Kenzie, TN 38201
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    Mc Kenzie, TN 38201
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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
    242 Magnolia Ave Mc Kenzie, TN 38201
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