Historic Hotel with Owner
421 W Main Street Memphis, TX 79245
421 W Main Street, Memphis, TX, 79245
$295,000
For Sale
$295,000
MULTI_FAMILY - Memphis Texas, TX
Property Size43,000 SF
Price / SF$6.86
Days on Market1426
Property Features for 421 W Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 32
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 6, Bathroom 9, Bathroom 4, Bathroom 3, Bathroom 13, Bathroom 27, Bathroom 29, Bathroom 31, Bathroom 22, Bathroom 23, Bathroom 30, Bathroom 24, Bathroom 12, Bathroom 14, Bathroom 26, Bathroom 18, Bathroom 21, Bathroom 28, Bathroom 25, Bathroom 5, Bathroom 15, Bathroom 20, Bathroom 11, Bathroom 10, Bathroom 8, Bathroom 17, Bathroom 16, Bathroom 7, Bathroom 32, Bathroom 19
- Patio and Porch features
- Porch
- Standard status
- Active
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Floors in Building
- 3
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Asphalt, Tar/Gravel, Rubber, Flat
Listing Agency
Les Renfro
(214) 287-1386
PO Box 97, Memphis, TX
Listed by
Les Renfro
(214) 287-1386
Added: Aug 25, 2022 Checked: Jul 19 at 11:06 pm
MLS# 11103291
Listing URL
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Investment Insights
Based on property information with market context.
This historic hotel property includes a newly installed premier roof. The building is approximately 43,000 total building value square feet and includes an owner’s apartment, along with original architectural features such as pressed tin ceilings, decorative moldings, terrazzo floors, and a hall of mirrors. The hotel requires total restoration and is described as feasible to complete in roughly 3–4 phases.
The configuration is described as having approximately 32–39 rooms when completed. In addition to the hotel components, the property includes a lobby and private dining room(s), multiple retail spaces with different addresses, and hospitality/event space such as a restaurant, meeting and conference rooms, and a ballroom.
The property is located across from a beautiful historic courthouse that is currently undergoing a $10 million++ restoration. The listing notes that serious buyers should schedule an appointment, and it also states that the seller does not offer owner financing.
The configuration is described as having approximately 32–39 rooms when completed. In addition to the hotel components, the property includes a lobby and private dining room(s), multiple retail spaces with different addresses, and hospitality/event space such as a restaurant, meeting and conference rooms, and a ballroom.
The property is located across from a beautiful historic courthouse that is currently undergoing a $10 million++ restoration. The listing notes that serious buyers should schedule an appointment, and it also states that the seller does not offer owner financing.
Key Highlights
- Brick construction with hardwood flooring throughout
- Roof includes asphalt, flat/tar‑gravel, and rubber roofing; new Premier TPO roof is in process and included in the price
- Public water source
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FAQs
What type of property is this?
Hotel - Historic hotel building includes a new premier roof and requires total restoration, with room count targeted at completion.
Where is this hotel located?
The property is located at 421 W Main Street Memphis, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Brick construction with hardwood flooring throughout; Roof includes asphalt, flat/tar‑gravel, and rubber roofing; new Premier TPO roof is in process and included in the price; Public water source
