116 S 5th St Memphis, TX 79245
Estimated payment $224/month
Total Views
621
0.07
Acre
$571,429
Price per Acre
3,049
Sq Ft Lot
About This Lot
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, its 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.
2,500 square feet in the building, on a 3,250 square foot lot.
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 Provided By
Property Details
Property Type
- Land
Est. Annual Taxes
- $160
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $160 | $7,230 | $1,230 | $6,000 |
| 2023 | $267 | $12,260 | $1,230 | $11,030 |
| 2022 | $275 | $12,260 | $1,230 | $11,030 |
| 2021 | $283 | $12,260 | $1,230 | $11,030 |
| 2020 | $734 | $29,900 | $1,230 | $28,670 |
| 2019 | $806 | $31,610 | $1,230 | $30,380 |
| 2018 | $798 | $33,300 | $1,230 | $32,070 |
| 2017 | $461 | $19,770 | $1,230 | $18,540 |
| 2016 | $392 | $16,800 | $1,230 | $15,570 |
| 2014 | -- | $7,420 | $1,230 | $6,190 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/23/2025 08/23/25 | For Sale | $40,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Attorney Only |
Source: Public Records
About the Listing Agent
An 8th Generation Texan. I have, since 1989, personally owned and operated farm & ranch, rental and commercial property in addition to flipping numerous properties, and has extensive sales experience in farm & ranch, recreational, residential & country homes, as well as rental and commercial properties. As a real estate lender, I have closed thousands of agricultural and commercial loans, including hundreds of real estate loans in fifty-eight (58) counties across Texas. Real Estate loans
Chad's Other Listings
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