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Secure Multi-Bay Warehouse Property
For Sale
$550,000

397 Old Salem Road, Martin, TN 38237

Commercial Sale, Martin, TN

Property Size9,500 SF
Lot Size3.50 Acres
Price / SF$57.89
Days on Market49

Property Features for 397 Old Salem Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Light Industrial
Parking 24
Fencing Chain Link, Barbed Wire
Elementary school district Weakley County
Directions Beginning at Dollar General on N Lindell St, Martin take a left on Hyndsver Road. Continue straight past the railroad tracks, Old Salem Road will be the second drive on your left. The property will be the third drive on your left.
Standard status Active
APN 058 044.00
Size 9,500 SF
Lot size 3.50 Acres

Taxes and HOA fees

Tax Annual Amount 896

Utilities

Utilities Propane
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Humidity Control, Central Air, Wall Unit(s)
Water source Public

Building Details

Year built 1990
Floors in Building 1
Flooring type Concrete
Building materials Metal Siding
Roof type Metal
Listing Agency: Wendell Alexander Realty
Listed By: Alexander Jennings Bynum · License #320284
Added: Sep 4 Changed: Oct 20 Last Checked: Oct 22 at 3:06AM
MLS# 2604229

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.

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Investment Insights

Based on property information with market context.

This warehouse property provides approximately 9,500 square feet of covered space across two enclosed storage buildings and an attached steel-framed canopy. The layout includes 12 bays, multiple overhead garage doors, insulated areas, loft storage, office space, and a bathroom. One building offers three 14' x 12' overhead doors, 16' wall height, approximately 19' of center height, a 7' x 47' loft, recessed floor anchors, and a propane-fired industrial unit heater. The second building includes four 14' x 12' bays and an approximately 40' x 11' loft.

The attached canopy measures approximately 100' x 40' and includes five approximately 19'-wide bays with 16' of clearance and a new roof. Set on approximately 3.50 acres, the property is enclosed by chain-link fencing topped with barbed wire. Additional features include two 200-amp electrical panels, LED lighting, utility and access easements, public water, public sewer, and a 500-gallon propane tank leased through Holston Gas. The property is located at 397 Old Salem Road in Martin, TN.

Key Highlights

  • Approximately 9,500 square feet of covered space with 12 bays on approximately 3.50 acres
  • Two enclosed storage buildings plus an attached approximately 100' x 40' steel‑framed canopy
  • Five canopy bays approximately 19' wide with 16' of clearance and a new roof

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply HVAC Service Real Estate Agency Auto Parts Store Spa & Massage Center Hair Salon

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

Lease Details

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

90
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Similar Off Market Nearby

  • 731 SELF STORAGE — 100 Smith St, Martin, TN 38237
  • Southern Belle Refrigerated — 165 Old Salem Rd, Martin, TN 38237
  • Comfort Zone Self Storage — 804 N Lindell St, Martin, TN 38237
  • Moore Real Estate Company - Martin, TN Office — 804 N Lindell St, Martin, TN 38237
  • Martin Self Storage — Martin, TN 38237

Frequently Asked Questions

What type of property is this?
Warehouse - Enclosed storage, covered work areas, office space, and controlled perimeter support varied commercial and industrial operations.
Where is this warehouse located?
The property is located at 397 Old Salem Road Martin, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 9,500 square feet of covered space with 12 bays on approximately 3.50 acres; Two enclosed storage buildings plus an attached approximately 100' x 40' steel‑framed canopy; Five canopy bays approximately 19' wide with 16' of clearance and a new roof
More about this property
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