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    617 Main St Memphis, TX 79245

    For Sale
    $35,000

    Prime location, versatile space, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, located at 617 W Main Street in downtown Memphis, Texas, presents a unique investment opportunity. Previously occupied by The Red River Sun newspaper (formerly the Hall County Herald), this building offers a blend of modern and historic features. The front section boasts a recent remodel, featuring a modern drop-down acoustic ceiling, creating a functional and updated workspace. In contrast, the rear portion retains its original tin ceiling tiles, largely in excellent condition, providing ample storage space with character. The property includes one restroom located at the rear. New city sidewalks enhance accessibility and curb appeal. The building's versatility allows for a range of uses, including office space, retail ventures, or cost-effective storage solutions. All square footage is as per the Harris County Appraisal District (HCAD). The property is being sold "As Is, Where Is," with all personal property removed before closing. Prospective buyers are strongly encouraged to conduct their own due diligence. The sale price is $35,000. The property sits on a 0-acre lot. Owner financing is not available, and the property is for sale only

    Property Features for 617 Main St

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Hall
    State
    Texas
    Longitude
    -100.538
    Latitude
    34.72554

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, versatile space, great potential.
    Where is this commercial real estate located?
    The property is located at 617 Main St Memphis, TX.
    What is the asking price?
    The asking price for this property is $35,000.
    (806) 205-0497
    Request Owner's contact information
    617 Main St Memphis, TX 79245
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    Memphis, TX 79245
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    617 Main St Memphis, TX 79245
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