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    Wellington, TX Clarendon, TX Turkey, TX
    Historic Hotel With Retail Spaces
    Updated: Aug 25, 2022
    Historic Hotel With Retail Spaces

    421 W Main Street, Memphis, TX 79245

    $295,000
    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
    Multiple retail spaces with different addresses
    Original pressed tin ceilings, moldings, terrazzo floors, and hall of mirrors
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Memphis, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner-Lot Drive-Through Restaurant
    Corner-Lot Drive-Through Restaurant

    223 S Sheb Wooley Avenue, Erick, OK 73645

    $50,000
    504 sqft 0.16 AC lot

    Commercially zoned corner property near I-40 and Old 66 in Erick.

    View details
    Corner Drive-Through Restaurant
    Corner Drive-Through Restaurant

    223 S Sheb Wooley Ave, Erick, OK 73645

    $50,000
    504 sqft

    Built in 2013 on a corner lot near I-40 and Old 66.

    View details
    Remodeled Conventional Restaurant
    Remodeled Conventional Restaurant

    1112 Easly Street, Paducah, TX 79248

    $120,000
    0.26 AC lot

    Updated dining and kitchen areas with commercial equipment, public utilities, and on-site parking.

    View details
    Paducah Restaurant Opportunity
    Paducah Restaurant Opportunity

    1112 Easly Street, Paducah, TX 79248

    $120,000
    2,164 sqft 0.26 AC lot

    Turn-key restaurant with remodeled interior and updated equipment for sale.

    View details

    Off-Market Properties in Memphis, TX

    Consider similar Off-Market properties in Memphis, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Memphis, TX Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Memphis, TX on our real estate platform.

    Sale prices for restaurant properties in Memphis, TX average $295,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 1

    Demographics Overview

    Population 2,291
    Population Growth (5Y) -4.5%
    Median Household Income $46,667
    College Educated 21.7%

    High-Yield Neighborhoods for Investment

    Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    79245 $758.2K

    Taxes & Financing

    Tax Rate (average for all types) 2.07%
    Property Tax per SF $24.35 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    How Realmo verifies these figures

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