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$35,000

617 W Main St, Memphis, TX, 79245

$45,500 ARVInfo
On MarketInfo
CommercialInfo
Baths3,500 Sq Ft
price_per_sqft$10 / sqft
Year BuiltBuilt in 1990

Highlights

Interior

FlooringWood

Exterior

Lot Size3,485 sqft

Building Information

Year Built1990

Land Information

APN203407
Land UseCommercial
Legal DescriptionMEMPHIS ORIGINAL TOWN BLOCK: 7 LOT: 16
Census Tract950500
Assessed Land Value$750
Assessed Improvement Value$11,780
Assessment Year2025

About this property

OPPORTUNITY ZONE! For Sale only - prime commercial building in the heart of downtown Memphis, TX. Formerly home to The Red River Sun (fka Hall County Herald), this versatile property offers both updated and historic features. The front section was remodeled several years ago with drop-down acoustic ceiling tiles, making it functional for office or retail use. The spacious back area provides ample storage and showcases original tin ceiling tiles, most of which are in excellent condition. Additional highlights include new city sidewalks and a restroom located at the rear of the building. This property offers flexible potential—ideal for office, retail, restaurant, bar, or cost-effective storage space. All square footage is per HCAD. (more) Property is being sold As Is, Where Is with all personal property being 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.

Investor Tools

Property Icon
$12,530
Estimated Property Value
$0Estimated Mortgage Balance
$12,530Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$45,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Chad Holland

Chad Holland Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$28/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$271
$12,530
2025
$750
$11,780
$12,530
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$271
$12,530

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$12,530
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Memphis

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617 W Main St | Property Details | No Agent List