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118 S 5th Street, Memphis, TX 79245

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For Sale

$79,900

6,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $12.29
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 All outdated plumbing fixtures have been removed, giving you a clean slate to build from.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.
MLS# 25-7986

Courtesy Of Chad Holland Real Estate

(806) 205-0497

Property Features

  • Age
    Over 50 Years Old
  • Floor Covering
    Wood
  • Lot Size
    0.07 Acres

Map and Directions

Directions to 118 S 5th Street, Memphis, TX 79245

Home seller CENTURY 21 Judge Fite Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Judge Fite Company

(214) 948-9444
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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
    $0
  • HOA Dues
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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.