Martin, TN 38237,551 Elm ST
Martin, TN 38237,551 Elm ST
Martin, TN 38237,551 Elm ST
Martin, TN 38237,551 Elm ST
Martin, TN 38237,551 Elm ST
Martin, TN 38237,551 Elm ST
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Listed by: Alexander Jennings Bynum Wendell Alexander Realty

$850,000

$1,300,000

34.6%
Est.Price: ?

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Est. payment /mo

10,206 SqFt


SOLD DATE : 12/29/2025

Key Details

Sold Price $850,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 10,206 sqft

Price per Sqft $83

MLS Listing ID 2500971

Sold Date 12/29/25

Year Built 1954

Annual Tax Amount $4,141

Lot Size 1.500 Acres

Acres 1.5

Lot Dimensions 1.50 AC +/-

Property Sub-Type Hotel/Motel

Source Central West Tennessee Association of REALTORS®

Property Description

Motel and Laundromat with 24 Rooms. 10 Apartment Style and 14 Overnight Rooms. 22 Top Head Washers, 24 Dryers, 1-60lb Front Load Washer, 5-40lb Front Load Washer, 3-30lb Front Load Washer, and 2-20lb Front Load Washer. Water, Cable, Electric, Internet all covered by owner. There is an attached manager living quarters onsite. Great income potential with opportunity to be turned into a boutique motel. Financials can be viewed with a signed NDA and LOI. Owners willing to help with transition.

Location

State TN

County Weakley

Area 1.5

Direction At the intersection of Peach St. and Elm St. by Davis Automotive, head North onto Elm St. and property will be on the left.

Interior

Heating Other

Cooling Wall Unit(s)

Heat Source Other

Exterior

Roof Type Shingle

Road Frontage City Street

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Weakley County

High Schools Weakley County

Others

Tax ID 078D-D-001.01 & 001.00

Special Listing Condition Standard

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Eddie Aeschliman
Eddie Aeschliman

Broker/Owner | License ID: 326049

+1(901) 860-3302

169 Willow Springs Dr, Medina, Tennessee, 38355, USA

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