421 W. Main Street, Memphis, Texas, TX 79245

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$295,000
Active for Sale
 
Listing ID 11103291
Property Type Multi-Unit
County Hall
Neighborhood "On The Historic Square
School MISD
FEMA Flood Map fema.gov/portal
Virtual Tour

Huge Historic Hotel On The "SQUARE"-NEW ROOF IN PROCESS

Included in the price is a New Premier "TPO" Roof now in Process. The Price will increase as seller spends additional money. Huge - Historic (Apx. 42,000 +- SQF (TBV) HOTEL with Owner's Apartment. The Hotel Requires Total Restoration. Located across from the Beautiful Historic Court House now undergoing a 10 Million++ Dollar Restoration. Can be restored in 3-4 Phases. Apx. 32-39 Room(s) when completed. Plus Lobby / Private Dining Room(s)/MULTIPLE Retail Spaces with different addresses./Restaurant/Meeting/Conference Rooms, Ballroom..(Equates to Only. $7.00 Per Sq. Ft.+- ). Original Pressed Tin Ceilings/Moldings/Terrazzo Floors/Hall of Mirrors. Lots of elegant completion items seller may consider selling...Call for Appointment to view. Qualified Buyers.. No Owner Financing.
Property Details
  • 32 Full Baths
  • 42000 SF
  • 3 Stories
  • Available 9/01/2022
  • Partial Basement
  • Lower Level: Unfinished
  • Renovation: MUST SEE HISTORIC HOTEL.Complete Restoration Required/Some Things have been addressed. Many available items to complete available For Sale, Very Large property has retail spaces/Ballroom. Almost an acre under roof. Beautiful pressed tin ceilings/moldings..
Interior Features
  • Hardwood Flooring
  • Hot Water
  • Natural Gas Fuel
  • Natural Gas Avail
  • Central A/C
  • Wall/Window A/C
Exterior Features
  • Brick Siding
  • Asphalt Shingles Roof
  • Rubber Roof
  • Tar Roof
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
  • Open Porch
  • Corner
  • Trees
  • Utilities
  • Water Frontage: NA
Community Details
  • Rec Room
  • Pre War Building
Taxes and Fees
  • HOA: NA
  • Dev: NA
  • HOA Contact: NA
Listed By
Les Renfro
Office: 806-259-1546
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