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Remodeled Multi-Tenant Retail Building
For Sale
$1,300,000

115 Neal Street, Martin, TN 38237

Commercial Sale, Martin, TN

Property Size12,940 SF
Price / SF$100.46
Days on Market909

Property Features for 115 Neal Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description B-3 Central Business
Directions From Martin Public Library, head North onto S. Lindell St. and turn left onto Oxford St. Turn right onto Neal St. and property will be on the right.
Standard status Active
APN 021.01
Size 12,940 SF

Taxes and HOA fees

Tax Annual Amount 7802

Utilities

Cooling system Electric

Amenities

versatile event space

Building Details

Year built 1946
Floors in Building 1
Building materials Brick
Listing Agency: Wendell Alexander Realty
Listed By: Alexander Jennings Bynum · License #320284
Added: Mar 5, 2024 Changed: Aug 27 Last Checked: Aug 31 at 7:06AM
MLS# 240917

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 12,940-square-foot retail property contains six established businesses along with a versatile event space. The building was originally constructed in 1946 and has since been completely remodeled, providing updated commercial improvements within a brick structure. Electric cooling serves the property.

Located in downtown Martin, the building offers a multi-business configuration suited to continued retail operations and event use. Its established occupancy, sizable footprint, and combination of business and gathering space create a distinctive commercial layout in the Martin market.

Key Highlights

  • 12,940‑square‑foot retail property
  • Six established businesses within the property
  • Versatile event space included

Property Analytics

Current Use

Tennessee Quality Care ... Nursing Home Live Oak Office (Bike/Boat/Book/etc) Store Tennessee Quality Care Home Health Care Service Martin Courtyard | Venue Hotel & Motel

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store HVAC Service Electrical Service Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

440
Businesses Nearby

Demographics for 38237, TN

15,826
Population
6,754
Households
2.3
Avg Household Size
32
Median Age
28%
College-Educated
92%
High-School Grad
138.1 sq mi
ZIP Area
115
Density / Sq Mi
$49,301
Median Household Income
$31,403
Median Earnings
$808
Median Rent
$194,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Brick commercial property includes six established businesses and a versatile event space.
Where is this retail space located?
The property is located at 115 Neal Street 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: 12,940‑square‑foot retail property; Six established businesses within the property; Versatile event space included
More about this property
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