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116 S 5th Street, Memphis, TX 79245

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For Sale

$40,000

0.07 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.1 acres
    Lot size

Explore this Property

Prime Commercial Opportunity in an Opportunity Zone in Downtown Memphis, TX! Located on the east side of the downtown square, this commercial property at 116 S 5th St offers excellent visibility and potential in the heart of Memphis, TX. The building features a spacious open front area that can be adapted to your vision for retail, office, laundromat, or other service use, along with a generous storage/work area in the back. With its central location and flexible layout, it's well-suited for a variety of business ventures. Whether you're an investor seeking a property in an Opportunity Zone or a business owner ready to establish your presence in a growing community, this property provides the accessibility, space, and potential you need. It is For Sale only. All square (more footage is per the Hall County Appraisal District (HCAD). Recent updates include a new 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 All outdated plumbing fixtures have been removed, giving you a clean slate to build from. 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.
MLS# 25-7450

Courtesy Of Chad Holland Real Estate

(806) 205-0497

Property Features

  • Floor Covering
    Wood
  • Lot Size
    0.07 Acres

Map and Directions

Directions to 116 S 5th Street, Memphis, TX 79245

Home seller CENTURY 21 The Edge

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CENTURY 21 The Edge

(325) 573-0035
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.