Downtown Drug Store
For Sale
Contact for pricing
506 W Noel Street, Memphis, TX 79245
Established commercial property occupying a central position on the Memphis town square.
Property Size4,999 SF
Price / SF$65.61
Days on Market12
Property Features for 506 W Noel Street
General Information
Standard status
Active
Size
4,999 SF
Property subtype
Retail
Building Details
Year Built
1940
Listing Agency:
RockOne Realty
Listed By:
Doug Eudey · License #0635298
Source:
Crexi
Added: Aug 23
Changed: Sep 3
Last Checked: Sep 3 at 2:32AM
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 RockOne Realty
Investment Insights
Based on property information with market context.
This commercial property was constructed in 1940 and contains approximately 4,999 square feet. The building has operated as Memphis Pharmacy and occupies a prominent position on the town square at 506 W Noel Street.
Its downtown Memphis setting places the property amid established businesses and ongoing community activity. The existing pharmacy identity provides a recognizable commercial presence for continued operation or repositioning within the local business district.
Its downtown Memphis setting places the property amid established businesses and ongoing community activity. The existing pharmacy identity provides a recognizable commercial presence for continued operation or repositioning within the local business district.
Key Highlights
- 4,999‑square‑foot commercial property
- Built in 1940
- Current home of Memphis Pharmacy
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
2,540 visits/mo
0.5 miles
Dollar Tree
Shops & Services
2,452 visits/mo
0.4 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Memphis Drug — 506 Noel St, Memphis, TX 79245
Frequently Asked Questions
What type of property is this?
Drug store - Established commercial property occupying a central position on the Memphis town square.
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: 4,999‑square‑foot commercial property; Built in 1940; Current home of Memphis Pharmacy
