Downtown Memphis Commercial
116 S 5th Street Memphis, TX 79245
For Sale
$40,000
Pending
COMMERCIAL - Memphis, TX
Lot Size0.07 Acres
Days on Market63
Property Features for 116 S 5th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- Robert Kim Burnett and Carol Burnett
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- All of Lot 9, Block 4, Original Town of Memphis, Hall County, Texas.
Building Details
- Flooring type
- Wood
- Roof type
- Built-Up
Listing Agency:
Chad Holland Real Estate
(806) 205-0497
Listed By:
Chad Holland · License #0515680
(806) 205-0497
Added: May 23
Last Checked: Jul 24 at 7:06AM
MLS# 25-7450
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located on the east side of the downtown square in Memphis, TX, this commercial property at 116 S 5th St offers visibility and potential. The building features an open front area adaptable for retail, office, laundromat, or other service use, along with a storage/work area in the back. With its central location and flexible layout, it's suited for business ventures. This property provides the accessibility, space, and potential needed to establish a presence in a growing community. It is for sale only. The property is located in an Opportunity Zone. Recent updates include a new electric meter and panel at the rear of the building. All outdated plumbing fixtures have been removed. The property is being sold As Is, Where Is. The lot size is 0.07 acres. All personal property will be removed prior to Closing of Escrow.
Key Highlights
- Located in a designated Opportunity Zone, offering potential tax benefits.
- Prime downtown location on the east side of the square in Memphis, TX, providing excellent visibility.
- Spacious, open front area adaptable for various businesses.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Commercial property in downtown Memphis, TX, with flexible layout.
Where is this retail space located?
The property is located at 116 S 5th Street Memphis, TX.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: Located in a designated Opportunity Zone, offering potential tax benefits.; Prime downtown location on the east side of the square in Memphis, TX, providing excellent visibility.; Spacious, open front area adaptable for various businesses.
