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    Memphis, TX Retail Space for Sale

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    Downtown Drug Store Property
    Updated: Aug 14
    Downtown Drug Store Property

    506 W Noel Street, Memphis, TX 79245

    $328,000
    1940 construction with brick veneer exterior
    Located on the town square at 506 W Noel Street
    Associated with Memphis Pharmacy
    Central air cooling
    Carpet and tile flooring
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    Historic Hotel With Retail Spaces
    Updated: Aug 25, 2022
    Historic Hotel With Retail Spaces

    421 W Main Street, Memphis, TX 79245

    $295,000
    Approximately 43,000 +- SQF (TBV) historic hotel property
    32‑39 rooms when completed
    Owner’s apartment, lobby, private dining rooms, restaurant, ballroom, and meeting areas
    Multiple retail spaces with different addresses
    Original pressed tin ceilings, moldings, terrazzo floors, and hall of mirrors
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    Downtown Drug Store Building
    Downtown Drug Store Building

    506 W Noel Street, Memphis, TX 79245

    Contact for pricing
    4,999 sqft

    Established commercial property occupying a central position on the Memphis town square.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Memphis, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Retail Showroom & Carports
    Turnkey Retail Showroom & Carports

    720 W 2nd Street, Clarendon, TX 79226

    $288,999
    4,288 sqft

    Turnkey, renovated showroom with high-clearance carports and detached storage for flexible retail, coffee, or restaurant use.

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    Clarendon Commercial Property For Sale
    Clarendon Commercial Property For Sale

    210 W 2nd Street, Clarendon, TX 79226

    $190,000
    7,525 sqft

    Former restaurant with warehouse and redevelopment potential in Clarendon, TX.

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    Storefront Property with Open Space
    Storefront Property with Open Space

    211 N Main St, Shamrock, TX 79079

    $99,900
    3,500 sqft

    The layout combines office areas with open space for flexible commercial use.

    View details
    Brick Storefront Property
    Brick Storefront Property

    211 N Main Street, Shamrock, TX 79079

    $99,900

    Central air serves a combination of office and open commercial areas.

    View details

    Memphis, TX Retail Space Market Trends and Statistics

    Explore 3 retail space for sale in Memphis, TX, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,999 square feet of properties for sale, with an estimated market value of $623,000.

    Sale prices for retail space in Memphis, TX start at $295,000, averaging $311,500, and reaching up to $328,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 3
    Drug stores 2
    Auto shops 1
    Automotive properties 1

    Demographics Overview

    Population 2,291
    Population Growth (5Y) -4.5%
    Median Household Income $46,667
    College Educated 21.7%

    High-Yield Neighborhoods for Investment

    Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    79245 $236.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.07%
    Property Tax per SF $24.35 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hall County

    New Delisted

    Total CRE Inventory on Market (SF)

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