Search

$79,900

118 S 5th Street
Memphis, TX 79245
MLS# 25-7986
6500 sqft

1 / 22

Property Description
Opportunity Zone - Downtown Memphis, TX! Prime location on the east side of the downtown square, this versatile commercial property at 118 S 5th St offers excellent visibility and endless potential in the heart of Memphis. The main level features open concrete-floor space—ready to be configured for retail, office, laundromat, storage, or a variety of other uses. The second floor also offers the same size area as the bottom, with its own front stairway entrance, plus an additional rear stairway accessible from both the interior and exterior. Originally built as offices, the upper level still retains its historic charm with original plaster walls, wood trim, and doors—making it a great candidate for redevelopment into one to four apartments. Recent updates include a new....see mor

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 Square Feet: 3250

Square Foot Source: Appraisal District

List Price Per Sq. Ft.: 12.29

Current Price: $79,900

List Price: $79,900

Area: 8020 - Memphis

Status: Active

Total SqFt. (+/-): 6500

Year Built: 1926

Taxes and Legal Information

City: Memphis

Legal: Lot 10, Block 4, Original Town of Memphis, Hall County, Texas.

House #: 118

Street Name: S 5th Street

State/Province: TX

Postal Code: 79245

County: Hall

Road Frontage

City: 1

Other Road Frontage: Brick

Commercial Zoning

Central Business: 1

Roof

Built Up: 1

Ceiling Heights

11-15 ft: 1

Floors

Cone Slab: 1

Wood: 1

Utilities Available

City Sewer: 1

Electric: 1

Gas: 1

Walls

Plaster: 1

Property Features

Commercial Zoning: Central Business

Ceiling Heights: 11-15 ft

Floors: Cone Slab; Wood

Utilities Available: City Sewer; Electric; Gas

Walls: Plaster

Roof: Built Up

Supplements

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 All outdated plumbing fixtures have been removed, giving you a clean slate to build from. Located in an Opportunity Zone, this spacious property offers both investment advantages and long-term potential. For Sale Only - don't miss your chance to establish your presence in Memphis, TX! All square footage is per the Hall County Appraisal District (HCAD). 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 - 06 - 2025

Information deemed reliable but not guaranteed.

Search

QUICK LINKS

CONTACT US