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    551 Elm St Martin, TN 38237

    Pending
    For Sale
    $1,300,000

    COMMERCIAL - Martin, TN

    Property size:
    10,206 SF
    Lot size:
    1.50 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 14 at 9:06 pm

    Property Features for 551 Elm St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    APN
    078D-D-001.01 & 001.00
    Parking
    45
    Size
    10,206 SF
    Lot size
    1.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1954
    Building materials
    Brick
    Roof type
    Shingle

    Wendell Alexander Realty (731) 364-5368

    Listing agent Alexander Jennings Bynum (731) 364-5368 License #320284

    Listing date Nov 20, 2025

    MLS# 2500971 Listing URL

    Copyright © 2025 Central West Tennessee 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

    Motel and Laundromat For Sale

    This property features a motel and laundromat with 24 rooms, including 10 apartment-style rooms and 14 overnight rooms. The laundromat is equipped with 22 top-head washers, 24 dryers, one 60lb front load washer, five 40lb front load washers, three 30lb front load washers, and two 20lb front load washers. Utilities such as water, cable, electric, and internet are covered by the owner. The property includes an attached manager's living quarters. Situated on a 1.5-acre lot, the property totals 10,206 square feet. Located in Martin, TN, this property presents a great income potential with the opportunity to be turned into a boutique motel. The owners are willing to assist with the transition. Financials are available for review with a signed NDA and LOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Len Haven Motel ... Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Martin
    County
    Weakley
    State
    Tennessee
    Longitude
    -88.854549
    Latitude
    36.335719

    Nearby Similar for Sale

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      Motel and Laundromat For Sale

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    • $1,300,000
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      Motel and Laundromat For Sale

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    FAQs

    What type of property is this?
    Motel - 24-room motel and laundromat with income potential in Martin, TN.
    Where is this motel located?
    The property is located at 551 Elm 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: - Great income potential from motel and laundromat operations.; - 24 rooms: mix of apartment-style and overnight rooms.; - Extensive laundromat equipment: variety of washer and dryer sizes.
    (731) 364-5368
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    551 Elm St 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
    551 Elm St Martin, TN 38237
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