118 S 5th St Memphis, TX 79245
Estimated payment $455/month
Total Views
671
0.07
Acre
$1,141,429
Price per Acre
3,049
Sq Ft Lot
About This Lot
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 3,250 sq. ft. of open concrete-floor spaceready to be configured for retail, office, laundromat, storage, or a variety of other uses.
The second floor also offers 3,250 sq. ft. 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 doorsmaking it a great candidate for redevelopment into one to four apartments.
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 All outdated plumbing fixtures have been removed, giving you a clean slate to build from.
Located in an Opportunity Zone, this spacious property offers both investment advantages and long-term potential.
For Sale Only dont 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 Provided By
Property Details
Property Type
- Land
Est. Annual Taxes
- $405
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 | $405 | $9,170 | $620 | $8,550 |
| 2023 | $341 | $15,690 | $1,230 | $14,460 |
| 2022 | $353 | $15,690 | $1,230 | $14,460 |
| 2021 | $684 | $29,560 | $1,230 | $28,330 |
| 2020 | $486 | $19,810 | $1,230 | $18,580 |
| 2019 | $520 | $20,390 | $1,230 | $19,160 |
| 2018 | $516 | $21,550 | $1,230 | $20,320 |
| 2017 | $393 | $16,830 | $1,230 | $15,600 |
| 2016 | $361 | $15,470 | $1,230 | $14,240 |
| 2014 | -- | $13,690 | $1,230 | $12,460 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/13/2025 09/13/25 | For Sale | $79,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
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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