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Improved Commercial Land for Sale in Martin, Tennessee
551 Elm St, Martin, TN 38237
$1,300,000
1.5 acres
pending
Under contract
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.
10,206
Sq feet
1954
Built
Location
- Street address
- 551 Elm St
- County
- Weakley County
- School district
- Weakley County
- Elevation
- 400 feet
Directions
At the intersection of Peach St. and Elm St. by Davis Automotive, head North onto Elm St. and property will be on the left.
Property details
- Acreage
- 1.5 acres
- MLS #
- CWTAR 2500971
- Posted
Property taxes
- Recent
- $4,141
Parcels
- 001.00
- 078D-D-001.01
Details and features
Listing
- Type
- Commercial Sale
Exterior
- Parking Spaces
- 45
Structure
- Water
- Public
- Sewer
- Public Sewer
- Cooling
- Wall Unit(s)
- Materials
- Brick
- Roof
- Shingle
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 20, 2025 | Under contract | $1,300,000 | — | CWTAR |
| Sept 4, 2025 | Price drop | $1,300,000 | $200,000 -13.3% | CWTAR |
| Apr 17, 2025 | New listing | $1,500,000 | — | CWTAR |
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