Drug Store
For Sale
$328,000
506 W Noel Street, Memphis, TX 79245
Commercial Sale, Memphis, TX
Property SizeContact for details
Days on Market56
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) 231-1642
Added: Sep 8
Changed: Oct 27
Last Checked: Nov 2 at 11:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick-veneer commercial building dates to 1940 and has carpet and tile flooring, along with central air conditioning. Its classification is drug store, and its position on the town square places it within the downtown area of Memphis.
The property is at 506 W Noel Street in Memphis, Texas.
The property is at 506 W Noel Street in Memphis, Texas.
Key Highlights
- Built in 1940
- Brick veneer exterior
- Carpet and tile flooring
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Memphis Drug — 506 Noel St, Memphis, TX 79245
Frequently Asked Questions
What type of property is this?
Drug store - Central air, carpet, and tile provide basic interior features for this downtown commercial property.
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: Built in 1940; Brick veneer exterior; Carpet and tile flooring
