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$ 79,900
Est. payment /mo
New
118 S 5th Street Memphis, TX 79245
6,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $12
MLS Listing ID 25-7986
Year Built 1926
Acres 0.07
Source Amarillo Association of REALTORS®
Property Description
Opportunity Zone - Downtown Memphis, TX!
Prime location on the east side of the downtown square, this versatile commercial property at 118 S 5th St offers excellent visibility and endless potential in the heart of Memphis.
The main level features open concrete-floor space—ready to be configured for retail, office, laundromat, storage, or a variety of other uses.
The second floor also offers the same size area as the bottom, with its own front stairway entrance, plus an additional rear stairway accessible from both the interior and exterior. Originally built as offices, the upper level still retains its historic charm with original plaster walls, wood trim, and doors—making it a great candidate for redevelopment into one to four apartments.
Recent updates include a new....see mor electric meter and panel at the rear of the building. All outdated plumbing fixtures have been removed, giving you a clean slate to build from.
Located in an Opportunity Zone, this spacious property offers both investment advantages and long-term potential.
For Sale Only - don't miss your chance to establish your presence in Memphis, TX!
All square footage is per the Hall County Appraisal District (HCAD).
Property is being sold As Is, Where Is.
All personal property to be removed prior to Closing of Escrow.
Potential Buyers are recommended to do their own due diligence.
NO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY THE LISTING AGENT OR AN AGENT WHO HAS WRITTEN PERMISSION FROM THE LISTING AGENT.
As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Agent, so please do not contact any of the owners directly.
This property is not for Rent, not for Lease and Owner Financing is not available.
Prime location on the east side of the downtown square, this versatile commercial property at 118 S 5th St offers excellent visibility and endless potential in the heart of Memphis.
The main level features open concrete-floor space—ready to be configured for retail, office, laundromat, storage, or a variety of other uses.
The second floor also offers the same size area as the bottom, with its own front stairway entrance, plus an additional rear stairway accessible from both the interior and exterior. Originally built as offices, the upper level still retains its historic charm with original plaster walls, wood trim, and doors—making it a great candidate for redevelopment into one to four apartments.
Recent updates include a new....see mor electric meter and panel at the rear of the building. All outdated plumbing fixtures have been removed, giving you a clean slate to build from.
Located in an Opportunity Zone, this spacious property offers both investment advantages and long-term potential.
For Sale Only - don't miss your chance to establish your presence in Memphis, TX!
All square footage is per the Hall County Appraisal District (HCAD).
Property is being sold As Is, Where Is.
All personal property to be removed prior to Closing of Escrow.
Potential Buyers are recommended to do their own due diligence.
NO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY THE LISTING AGENT OR AN AGENT WHO HAS WRITTEN PERMISSION FROM THE LISTING AGENT.
As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Agent, so please do not contact any of the owners directly.
This property is not for Rent, not for Lease and Owner Financing is not available.
Location
State TX
County Hall
Area 8020 - Memphis
Zoning 8000 - All areas in the 8000's
Direction From US Hwy 287 in Memphis, go west on State Hwy 256 (Noel St) for one block to the downtown square, then north on 5th St. Building lies on the east side of the street facing the Hall County Courthouse.
Interior
Flooring Cone Slab, Wood
Exterior
Utilities Available Gas, Electric, City Sewer
Roof Type Built Up
Others
Tax ID Dean Armstrong and Cowgirl
Listed Chad Holland • Chad Holland Real Estate
