About 551 Elm Street
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.
Features of 551 Elm Street
| MLS® # | 2500971 |
|---|---|
| Price | $1,300,000 |
| Square Footage | 10,206 |
| Acres | 1.50 |
| Year Built | 1954 |
| Type | Commercial Sale |
| Sub-Type | Hotel/Motel |
| Status | Active |
Community Information
| Address | 551 Elm Street |
|---|---|
| City | Martin |
| County | Weakley |
| State | TN |
| Zip Code | 38237 |
Amenities
| Parking Spaces | 45 |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Other |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Brick |
| Foundation | Slab |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Alexander Jennings Bynum |
|---|---|
| Office | Wendell Alexander Realty |