Open-Plan Storefront with
For Sale
$40,000
116 S 5th Street, Memphis, TX 79245
Flexible commercial layout with an open front area and rear storage/work space in downtown Memphis.
Property SizeContact for details
Days on Market596
Property Features for 116 S 5th Street
General Information
Standard status
Active
Property subtype
General Commercial
Amenities
3
25' x 130'
Listing Agency:
(806) 205-0497
Listed By:
Chad Holland Real Estate
Source:
Xome
Added: Jan 11, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chad Holland Real Estate
Investment Insights
Based on property information with market context.
This storefront property includes an open front area and a separate rear section arranged for storage and work functions. The interior offers a largely adaptable starting point for a future buildout, while recent electrical work added a new meter and panel at the back of the building. Outdated plumbing fixtures have been removed, leaving the plumbing areas ready for further work. The property is offered in its current as-is, where-is condition.
The building is positioned on the east side of the downtown square at 116 S 5th Street in Memphis, Texas. It is located within an Opportunity Zone and has a 25' x 130' exterior dimension noted in the property information. Personal property is to be removed before closing, and access requires accompaniment by the listing agent or an agent with written permission.
The building is positioned on the east side of the downtown square at 116 S 5th Street in Memphis, Texas. It is located within an Opportunity Zone and has a 25' x 130' exterior dimension noted in the property information. Personal property is to be removed before closing, and access requires accompaniment by the listing agent or an agent with written permission.
Key Highlights
- Storefront at 116 S 5th Street on the east side of the downtown square
- Located within an Opportunity Zone
- Open front area with rear storage/work space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
15k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 13%
SONIC Drive In
Dining
12,616 visits/mo
0.2 miles
Happy State Bank
Shops & Services
1,003 visits/mo
0.2 miles
U-Haul
Shops & Services
942 visits/mo
0.2 miles
Demographics for 79245, TX
2,192
Population
1,205
Households
1.8
Avg Household Size
46
Median Age
16%
College-Educated
83%
High-School Grad
282.8 sq mi
ZIP Area
8
Density / Sq Mi
$46,667
Median Household Income
$34,844
Median Earnings
$608
Median Rent
$79,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Blooms & Bolls — 113 S 6th St, Memphis, TX 79245
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout with an open front area and rear storage/work space in downtown Memphis.
Where is this storefront property 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: Storefront at 116 S 5th Street on the east side of the downtown square; Located within an Opportunity Zone; Open front area with rear storage/work space
