Skip to main contentSkip to navigation
1 / 8
Images
Map

Mixed-Use Land for Sale in Memphis, Texas

116 S 5th St, Memphis, TX 79245

$40,000
0.07 acres
Active
ago
Est $327/mo

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 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 All outdated plumbing fixtures have been removed, giving you a clean slate to build from.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.

Location

Street address
116 S 5th St
Community
Memphis

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 details

Lot size
0.07 acres3,049 sq ft
MLS #
AAR 25-7450
Posted

Parcels

  • Carol Burnett
  • Robert Kim Burnett

Legal description

Details and features

Listing

Type
Residential

Structure

Roof
Built-Up

Interior

Flooring
Wood

Listing history

DateEventPriceChangeSource
Nov 12, 2025New listing$40,000AAR
Subscribe to listing updates

Payment calculator

This 0.07-acre property is located at 116 S 5th St in Memphis, TX 79245. The property is available for sale for $40,000.

Checked 12 mins ago — Updated

Report listing issue

Copyright (C) 2025 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact