Historic Hotel with Owner's
For Sale
$295,000
421 W Main Street, Memphis, TX 79245
MULTI_FAMILY - Memphis Texas, TX
Property Size43,000 SF
Price / SF$6.86
Days on Market1461
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 7, Bathroom 28, Bathroom 27, Bathroom 26, Bathroom 5, Bathroom 14, Bathroom 12, Bathroom 17, Bathroom 31, Bathroom 18, Bathroom 22, Bathroom 29, Bathroom 4, Bathroom 21, Bathroom 11, Bathroom 3, Bathroom 10, Bathroom 19, Bathroom 9, Bathroom 24, Bathroom 2, Bathroom 23, Bathroom 20, Bathroom 13, Bathroom 1, Bathroom 15, Bathroom 16, Bathroom 32, Bathroom 25, Bathroom 8, Bathroom 30, Bathroom 6
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)
Retail Spaces
Restaurant
Meeting/Conference Rooms
Ballroom
Building Details
Floors in Building
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Rubber, Asphalt, Tar/Gravel, Flat
Listing Agency:
Les Renfro
(214) 287-1386
Listed By:
Les Renfro
(214) 287-1386
Added: Aug 25, 2022
Changed: Aug 4
Last Checked: Aug 24 at 12:06PM
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 includes an owner’s apartment and extensive interior finishes, including original pressed tin ceilings/moldings, terrazzo floors, and a hall of mirrors. The hotel is reported to require total restoration. The building is described as approximately 43,000 +/- square feet (TBV) and can be restored in 3–4 phases. Completion is described as potentially resulting in approximately 32–39 rooms.
In addition to the hotel components, the property includes space described as lobby and private dining rooms, multiple retail spaces with different addresses, and restaurant/meeting/conference rooms and a ballroom. Building materials include brick construction, with hardwood flooring reported throughout. Heating is described as hot water heating with natural gas. Water source is public.
The roof is described as including rubber, tar/gravel, flat, and asphalt systems, and the property includes a porch.
In addition to the hotel components, the property includes space described as lobby and private dining rooms, multiple retail spaces with different addresses, and restaurant/meeting/conference rooms and a ballroom. Building materials include brick construction, with hardwood flooring reported throughout. Heating is described as hot water heating with natural gas. Water source is public.
The roof is described as including rubber, tar/gravel, flat, and asphalt systems, and the property includes a porch.
Key Highlights
- Approximately 43,000 +/- SF (TBV) historic hotel building with owner’s apartment
- Hotel requires total restoration; described restoration timeline is 3–4 phases
- Potential completion of approximately 32–39 rooms
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Historic hotel property with an owner’s apartment and multiple retail and dining spaces, built with brick and hardwood floors.
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 +/- SF (TBV) historic hotel building with owner’s apartment; Hotel requires total restoration; described restoration timeline is 3–4 phases; Potential completion of approximately 32–39 rooms
