$1,300,000
PENDING

551 Elm St Martin, TN 38237

Estimated payment $7,210/month

Total Views 2,957
-- Bed
-- Bath
10,206 Sq Ft
$127 Price per Sq Ft

Highlights

  • 1.5 Acre Lot
  • Cooling Available
  • Heating System Mounted To A Wall or Window

About This Home

Motel & Laundromat w/ 24 rooms (10 apt-style, 14 overnight) + full laundry facility: 22 washers, 24 dryers, various sizes 20-60lb. All utilities included. Onsite manager quarters. Recent extensive remodel: new roof & electrical. Great income potential, boutique conversion opportunity. Financials available w/ signed NDA/LOI. Owner transition assistance provided.

Listing Agent

Alexander Bynum

Wendell Alexander Realty Brokerage Phone: 7312811220 License #320284 Listed on: 03/10/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,141

Year Built

  • Built in 1954

Lot Details

  • 1.5 Acre Lot

Parking

  • Public Parking

Home Design

  • 10,206 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Cooling Available
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 1 & 1.01

Property Details

Property Type

Other

Est. Annual Taxes

$4,141

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Commercial
  • Business Type: Hotel/Motel
  • Road Frontage Type: City Street
  • Subdivision Name: None
  • Year Built: 1954
  • Attribution Contact: 7312811220
  • Special Features: None

Exterior Features

  • Acres: 1.5
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Public Lot/Garage

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Wall Unit(s)
  • HeatingYN: Yes
  • Water Source: Public

Lot Info

  • Lot Dimensions: 1.50 AC +/-
  • Lot Size Sq Ft: 65340
  • ResoLotSizeUnits: Acres
  • Parcel #: 1 & 1.01

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 4141
  • Tax Book Number: 428
  • Tax Map Number: 078D

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $105,200 $24,720 $80,480
2023 $3,466 $105,200 $24,720 $80,480
2022 $3,142 $84,320 $14,800 $69,520
2021 $3,142 $84,320 $14,800 $69,520
2020 $3,142 $84,320 $14,800 $69,520
2019 $2,847 $84,320 $14,800 $69,520
2018 $2,847 $84,320 $14,800 $69,520
2017 $3,282 $90,360 $14,800 $75,560
2016 $3,282 $90,360 $0 $0
2015 $3,282 $90,362 $0 $0
2014 $3,282 $90,362 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2025 11/20/25 Pending -- -- --
09/04/2025 09/04/25 Price Changed $1,300,000 -13.3% $127 / Sq Ft
03/10/2025 03/10/25 For Sale $1,500,000 -- $147 / Sq Ft
Source: Tennessee Valley Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Source: Public Records

Source: Tennessee Valley Association of REALTORS®

MLS Number: 133807

APN: 078D-D-001.01

Tennessee Weakley County Martin 38237

551 Elm St, Martin, TN

Pending

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Nearby Homes
Alexander Bynum
Listing Agent
Alexander Bynum
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Wendell Alexander Realty
(731) 361-7709