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$40,000

116 S 5th Street
Memphis, TX 79245
MLS# 25-7450

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Property Description
Prime Commercial Opportunity in an Opportunity Zone in Downtown Memphis, TX! Located on the east side of the downtown square, this commercial property at 116 S 5th St offers excellent visibility and potential in the heart of Memphis, TX. The building features a spacious open front area that can be adapted to your vision for retail, office, laundromat, or other service use, along with a generous storage/work area in the back. With its central location and flexible layout, it's well-suited for a variety of business ventures. Whether you're an investor seeking a property in an Opportunity Zone or a business owner ready to establish your presence in a growing community, this property provides the accessibility, space, and potential you need. It is For Sale only. All square (more

Details

Contract Information

L/A Supervisor: Chad Holland

Supervisor's Phone #: 806-205-0497

L/A Supervisor License Number: 515680

Exchange For: Cash

Directions: From US Hwy 287 in Memphis, go west on State Hwy 256 (Noel St) for one block to the downtown square, then north on 5th St. Building lies on the east side of the street facing the Hall County Courthouse.

Property Information

To Be Auctioned: No

Zone: 8000 - All areas in the 8000's

Photos are Virtually Staged: No

Realtor.COM Type: Commercial

Lot Size Dimensions: 25' x 130'

Lot Size Square Feet: 3250

Type: Office/Warehouse

Square Foot Source: Appr Measure

Current Price: $40,000

List Price: $40,000

Area: 8020 - Memphis

Status: Active

Taxes and Legal Information

City: Memphis

Legal: All of Lot 9, Block 4, Original Town of Memphis, Hall County, Texas.

Common Name: 116 S 5th St

House #: 116

Street Direction Pfx: S

Street Name: 5th

Street Sfx: Street

State/Province: TX

Postal Code: 79245

County: Hall

Road Frontage

City: 1

Other Road Frontage: Brick street

Commercial Zoning

Central Business: 1

Roof

Built Up: 1

Ceiling Heights

11-15 ft: 1

Floors

Wood: 1

Other Floor: Front needs subfloor

Utilities Available

Electric: 1

Property Features

Commercial Zoning: Central Business

Ceiling Heights: 11-15 ft

Floors: Wood

Utilities Available: Electric

Roof: Built Up

Supplements

footage is per the Hall County Appraisal District (HCAD). Recent updates include a new electric meter and panel at the rear of the building. All outdated plumbing fixtures have been removed, giving you a clean slate to build from. Property is being sold As Is, Where Is. All personal property to be removed prior to Closing of Escrow. Potential Buyers are recommended to do their own due diligence. NO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY THE LISTING AGENT OR AN AGENT WHO HAS WRITTEN PERMISSION FROM THE LISTING AGENT. As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Agent, so please do not contact any of the owners directly. This property is not for Rent, not for Lease and Owner Financing is not available.

Listing Office: Chad Holland Real Estate

Listing Agent: Chad Holland

Last Updated: October - 19 - 2025

Information deemed reliable but not guaranteed.

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