Hotel with Commercial
For Sale
$524,999
242 Magnolia Avenue, Mc Kenzie, TN 38201
Commercial Sale, McKenzie, TN
Property Size11,248 SF
Price / SF$46.67
Days on Market890
Property Features for 242 Magnolia Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
-
Parking
12
Directions
From the Little General in McKenzie, head East onto Magnolia Ave. and property will be on the left.
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active
APN
010.00
Size
11,248 SF
Taxes and HOA fees
Tax Annual Amount
6938
Utilities
Heating system
Natural Gas, Central
Cooling system
Electric
Building Details
Year built
1941
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Roof type
Composition
Listing Agency:
Wendell Alexander Realty
(731) 281-1220
Listed By:
Alexander Jennings Bynum · License #320284
(731) 364-5368
Added: Mar 19, 2024
Changed: Aug 25
Last Checked: Aug 25 at 2:06PM
MLS# 241155
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 hotel property contains 11,248 square feet within a brick building constructed in 1941. The layout includes 24 bedrooms and 18 bathrooms, along with a commercial kitchen, dining hall, banquet room, and common area. Concrete flooring, a composition roof, natural gas and central heating, and electric cooling are among the documented building features.
Key Highlights
- 24 bedrooms and 18 bathrooms
- 11,248 square feet of building area
- Commercial kitchen with dining hall
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Brick hospitality property with guest accommodations, shared areas, and event-oriented facilities.
Where is this hotel located?
The property is located at 242 Magnolia Avenue 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 building area; Commercial kitchen with dining hall
