Historic Hotel With Retail
For Sale
$295,000
421 W Main Street, Memphis, TX 79245
Residential Income, Memphis Texas, TX
Property Size43,000 SF
Price / SF$6.86
Days on Market1496
Property Features for 421 W Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Historic
Bathrooms
32
Full bathrooms
32
Rooms
Bathroom 17, Bathroom 15, Bathroom 29, Bathroom 21, Bathroom 18, Bathroom 10, Bathroom 16, Bathroom 30, Bathroom 11, Bathroom 7, Bathroom 9, Bathroom 14, Bathroom 24, Bathroom 5, Bathroom 19, Bathroom 23, Bathroom 27, Bathroom 1, Bathroom 22, Bathroom 20, Bathroom 31, Bathroom 2, Bathroom 26, Bathroom 6, Bathroom 28, Bathroom 12, Bathroom 13, Bathroom 3, Bathroom 4, Bathroom 32, Bathroom 8, Bathroom 25
Patio and Porch features
Porch
Subdivision
"On The Historic Square
Lot features
Corner Lot
High school district
MISD
Directions
See Mapquest Driving Directions
Standard status
Active
Utilities
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Amenities
Lobby
Private Dining Room(s)
Multiple Retail Spaces
Restaurant
Meeting/Conference Rooms
Ballroom
Original Pressed Tin Ceilings
Moldings
Terrazzo Floors
Hall of Mirrors
New Premier Roof
Building Details
Floors in Building
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Rubber, Tar/Gravel, Asphalt, Flat
Listing Agency:
Les Renfro
(214) 287-1386
Listed By:
Les Renfro
(806) 259-1546
Added: Aug 25, 2022
Changed: Sep 15
Last Checked: Sep 28 at 9:06AM
MLS# 11103291
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This historic hotel property encompasses approximately 43,000 +- SF (TBV) and requires total restoration. The existing layout includes an owner’s apartment, lobby, private dining rooms, multiple retail spaces with different addresses, restaurant space, meeting and conference rooms, and a ballroom. The property is expected to accommodate approximately 32–39 rooms when completed.
Architectural details include original pressed tin ceilings, decorative moldings, terrazzo floors, and a hall of mirrors. The building is constructed of brick and includes hardwood flooring and a porch. Heating is provided by hot water and natural gas, with public water service. Located across from a historic courthouse, the property offers a substantial restoration project with hospitality, dining, retail, and event components within one building.
Architectural details include original pressed tin ceilings, decorative moldings, terrazzo floors, and a hall of mirrors. The building is constructed of brick and includes hardwood flooring and a porch. Heating is provided by hot water and natural gas, with public water service. Located across from a historic courthouse, the property offers a substantial restoration project with hospitality, dining, retail, and event components within one building.
Key Highlights
- Approximately 43,000 +- SQF (TBV) historic hotel property
- 32‑39 rooms when completed
- Owner’s apartment, lobby, private dining rooms, restaurant, ballroom, and meeting areas
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 13%
SONIC Drive In
Dining
12,616 visits/mo
0.2 miles
Happy State Bank
Shops & Services
1,003 visits/mo
0.2 miles
U-Haul
Shops & Services
942 visits/mo
0.2 miles
Demographics for 79245, TX
2,192
Population
1,205
Households
1.8
Avg Household Size
46
Median Age
16%
College-Educated
83%
High-School Grad
282.8 sq mi
ZIP Area
8
Density / Sq Mi
$46,667
Median Household Income
$34,844
Median Earnings
$608
Median Rent
$79,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Hotel - Large historic property with an owner’s apartment, restaurant areas, and multiple spaces for retail, dining, and events.
Where is this hotel located?
The property is located at 421 W Main Street 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: Approximately 43,000 +- SQF (TBV) historic hotel property; 32‑39 rooms when completed; Owner’s apartment, lobby, private dining rooms, restaurant, ballroom, and meeting areas
