617 Main St Memphis, TX 79245-3303
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.