506 W Noel Street, Memphis, TX 79245 (MLS# 26-6557)

506 W Noel Street, Memphis, TX 79245

$328,000

Property Type: Commercial Status: Active

Current Price: $328,000 Last Modified: 8/14/2026

Overview

Description

Built in 1940 and prominently positioned on the town square in Memphis, TX, this commercial property offers an exceptional opportunity in the heart of the community. Known locally as the home of Memphis Pharmacy, the property benefits from a highly visible, central location surrounded by the businesses and activity of downtown Memphis. With its established commercial presence and versatile potential, this property could accommodate a variety or retail, professional, or service-based uses. Whether continuing its current use or bringing a new vision to the space, this is a unique opportunity to establish your business in a recognizable downtown location.

Listing Details MLS# 26-6557

Property Information

To Be Auctioned: No
Zone: 4000 - SE of Amarillo City Limits
Area: 4999 - All Others Not Identified
Realtor.COM Type: Commercial
Type: Business
Square Foot Source: Appr Measure
Total Rooms: 6
Total Restrooms: Yes
Year Built: 1940
Photos are Virtually Staged: No
List Price Per Sq. Ft.: 0

Taxes and Legal Information

House #: 506
Street Direction Pfx: W
Street Name: Noel
Street Sfx: Street
State/Province: TX
Postal Code: 79245
County: Hall
Legal: MEMPHIS ORIGINAL TOWN BLOCK:2 LOTS 4-5
City: Memphis

Contract Information

L/A Supervisor: Shae Griminger
Supervisor's Phone #: 806-781-7987
L/A Supervisor License Number: 708962
Exchange For: CASH
Directions: From Amarillo, take US 287S east towards Childress approximately 85.9 miles, take a right on Noel Street approximately three blocks down to the town square, building will be on your left.

Type of Business

Other Business: Retail/Office
Medical: Yes

Parking

Other Parking: Street

Safety Features

Security System: Yes

More Information

Road Frontage

All Weather: Yes
City: Yes

Commercial Zoning

General Retail: Yes

Construction

Brick Veneer: Yes

Heating

Central Electric: Yes

A/C

Central Air: Yes

Ceiling Heights

11-15 ft: Yes

Floors

Carpet: Yes
Tile: Yes

Utilities Available

City Sewer: Yes
Electric: Yes

Property Features

Type of Business: Medical Safety Features: Security System Commercial Zoning: General Retail Construction: Brick Veneer Road Frontage: All Weather Ceiling Heights: 11-15 ft Floors: Carpet; Tile Heating: Central Electric Utilities Available: City Sewer; Electric

Listing Office: RockOne Realty, LLC

Listing Agent: Jason Griminger

Last Updated: August - 14 - 2026

Information deemed reliable but not guaranteed.