About this property

Excellent commercial opportunity with high visibility and frontage along US Highway 287 in Memphis, Texas. This versatile commercial property sits on approximately 0.6511 acres and features a large building with an expansive asphalt parking area, providing convenient access and strong exposure for a wide variety of business uses. The property has been utilized for multiple purposes over the years, including retail operations, a professional training facility with offices and conference rooms, storage space, and a house of worship, demonstrating the building's adaptability for many commercial applications. Potential uses include retail showroom, professional offices, training or educational center, medical or therapy services, church or ministry facility, community or.....see more... or event space, coworking offices, fitness studio, call center, distribution or service business headquarters, and other commercial ventures. Located in an area experiencing increasing economic activity driven by regional energy development, AI and data center investment, and growth throughout the Texas Panhandle and Rolling Plains, this property offers strong potential for business owners, investors, or organizations seeking a strategic location with highway access. The property is currently tenant occupied on a month-to-month basis, with the tenant anticipating vacating by May 1, 2026, providing flexibility for owner-occupancy or future leasing opportunities. Memphis is also located within a designated Opportunity Zone, which may provide potential tax advantages for qualifying investors. Buyers should consult their tax advisor regarding Opportunity Zone investment benefits. NO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY LISTING BROKER OR AN AGENT WHO HAS WRITTEN PERMISSION FROM LISTING BROKER. As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Broker, so please do not contact any of the owners directly. Please direct all questions to Listing Broker. This property is not for Rent, not for Lease and Owner Financing is not available.