Downtown Drug Store
For Sale
$328,000
506 W Noel Street, Memphis, TX 79245
Commercial Sale, Memphis, TX
Property SizeContact for details
Days on Market11
Property Features for 506 W Noel Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
4000 - SE of Amarillo City Limits
Directions
From Amarillo, take US 287S east towards Childress approximately 85.9 miles, take a right on Noel Street approximately three blocks down to the town square, building will be on your left.
Subdivision
4999 - All Others Not Identified
Standard status
Active
APN
MEMPHIS PHARMACY, LLC
Taxes and HOA fees
Tax Description
MEMPHIS ORIGINAL TOWN BLOCK:2 LOTS 4-5
Legal Description
MEMPHIS ORIGINAL TOWN BLOCK:2 LOTS 4-5
Utilities
Cooling system
Central Air
Building Details
Year built
1940
Flooring type
Carpet, Tile
Building materials
Brick Veneer
Listing Agency:
RockOne Realty, LLC
(806) 599-9900
Listed By:
Jason Griminger
(806) 599-9900
Added: Aug 14
Changed: Aug 19
Last Checked: Aug 24 at 11:06AM
MLS# 26-6557
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.
This drug store property occupies a brick veneer building constructed in 1940. Interior finishes include carpet and tile, while central air provides cooling throughout the commercial space. The asset is associated with Memphis Pharmacy and offers a recognizable setting for continued drug store use or another retail, professional, or service-oriented business.
Located at 506 W Noel Street, the property sits on the town square in Memphis, placing it within the city’s downtown commercial center. Its position among established businesses and community activity provides direct access to the central business environment. The property’s existing commercial identity and flexible interior finish package support a range of potential occupancy plans.
Located at 506 W Noel Street, the property sits on the town square in Memphis, placing it within the city’s downtown commercial center. Its position among established businesses and community activity provides direct access to the central business environment. The property’s existing commercial identity and flexible interior finish package support a range of potential occupancy plans.
Key Highlights
- 1940 construction with brick veneer exterior
- Located on the town square at 506 W Noel Street
- Associated with Memphis Pharmacy
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
20k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
SONIC Drive In
Dining
12,616 visits/mo
0.5 miles
Dollar General
Shops & Services
2,540 visits/mo
0.4 miles
Dollar Tree
Shops & Services
2,452 visits/mo
0.4 miles
Happy State Bank
Shops & Services
1,003 visits/mo
0.2 miles
U-Haul
Shops & Services
942 visits/mo
0.5 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
- Memphis Drug — 506 Noel St, Memphis, TX 79245
Frequently Asked Questions
What type of property is this?
Drug store - Brick veneer construction, central air, carpet, and tile support a functional commercial interior.
Where is this drug store located?
The property is located at 506 W Noel Street Memphis, TX.
What is the asking price?
The asking price for this property is $328,000.
What are key features of this property?
This property features: 1940 construction with brick veneer exterior; Located on the town square at 506 W Noel Street; Associated with Memphis Pharmacy
