24-Bedroom Hotel
For Sale
$524,999
242 Magnolia Ave., Mc Kenzie, TN 38201
Commercial Sale, MCKENZIE, TN
Property Size11,248 SF
Price / SF$46.67
Days on Market890
Property Features for 242 Magnolia Ave.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
McKenzie
Standard status
Active
APN
010.00
Size
11,248 SF
Taxes and HOA fees
Tax Annual Amount
2734
Amenities
commercial kitchen
dining hall
banquet room
common area
Building Details
Year built
1941
Listing Agency:
Wendell Alexander Realty
(731) 281-1220
Listed By:
Alex Bynum · License #320284
(731) 364-5368
Added: Mar 19, 2024
Changed: Aug 22
Last Checked: Aug 25 at 1:06PM
MLS# 131315
Copyright © 2026 Tennessee Valley 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.
Investment Insights
Based on property information with market context.
This hotel property contains 11,248 square feet with 24 bedrooms and 18 bathrooms. The interior program includes a commercial kitchen, dining hall, banquet room, and common area, providing a range of lodging and event-related spaces within one facility. The building was constructed in 1941.
Located at 242 Magnolia Ave. in McKenzie, Tennessee, the property carries a 38201 ZIP code and is situated in Carroll County. The combination of guest rooms, food-service infrastructure, dining space, and dedicated banquet area supports the property’s established hospitality configuration.
Located at 242 Magnolia Ave. in McKenzie, Tennessee, the property carries a 38201 ZIP code and is situated in Carroll County. The combination of guest rooms, food-service infrastructure, dining space, and dedicated banquet area supports the property’s established hospitality configuration.
Key Highlights
- 24 bedrooms and 18 bathrooms
- 11,248 square feet of property size
- Commercial kitchen included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 38201, TN
10,095
Population
4,124
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
139.2 sq mi
ZIP Area
73
Density / Sq Mi
$46,585
Median Household Income
$32,951
Median Earnings
$669
Median Rent
$155,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Includes a commercial kitchen, dining hall, banquet room, and shared common area.
Where is this hotel located?
The property is located at 242 Magnolia Ave. Mc Kenzie, TN.
What is the asking price?
The asking price for this property is $524,999.
What are key features of this property?
This property features: 24 bedrooms and 18 bathrooms; 11,248 square feet of property size; Commercial kitchen included
