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    421 W Main St, Unit Memphis Memphis, TX 79245

    For Sale
    $295,000

    Multi-Unit - Memphis, Texas, TX

    Property size:
    42,000 SF
    Days on Market:
    282
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 421 W Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    400
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Bathrooms
    32
    Parking features
    Garage
    Basement Y/N
    1
    Size
    42,000 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    3
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Asphalt, Flat, Rubber
    Architectural style
    Other

    Les Renfro, Broker (214) 287-1386 [email protected]

    Listing agent Les Renfro (214) 287-1386

    Listing date Feb 27, 2025

    MLS# 11103291 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Hotel Restoration Opportunity

    This historic hotel, encompassing approximately 42,000 square feet, is offered for sale. The property includes an owner's apartment and requires complete restoration. A new Premier "TPO" roof is currently being installed. Upon completion, the hotel can potentially feature approximately 32 to 39 rooms, along with a lobby, private dining room(s), multiple retail spaces with separate addresses, a restaurant, meeting and conference rooms, and a ballroom. The property retains original pressed tin ceilings, moldings, terrazzo floors, and a hall of mirrors. It is situated across from the historic courthouse, which is undergoing a restoration project. The restoration of the hotel can be completed in phases.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Hall
    State
    Texas
    Longitude
    -100.535477
    Latitude
    34.725364

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    FAQs

    What type of property is this?
    Hotel - Historic hotel requiring total restoration with retail and restaurant potential.
    Where is this hotel located?
    The property is located at 421 W Main St, Unit Memphis 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: - New 'TPO' Roof Included (In Process); - Historic Hotel (Approx. 42,000 Sq Ft); - Located Across from $10 Million+ Historic Courthouse Restoration
    (214) 287-1386
    Request Owner's contact information
    421 W Main St, Unit Memphis Memphis, TX 79245
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    Memphis, TX 79245
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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
    421 W Main St, Unit Memphis Memphis, TX 79245
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