1500 N Boykin Drive (US Hwy 287)

Commercial Investment Opportunity – US Hwy 287 Frontage – Memphis, Texas Excellent opportunity to acquire a highly visible commercial property located along US Highway 287 in Memphis, Texas, one of the primary transportation corridors through the Texas Panhandle and Rolling Plains. The property consists of a large commercial building totaling approximately 7,650 square feet under roof, including approximately 1,200 square feet of utility/storage space, situated on a 0.6511-acre lot with a substantial asphalt parking area providing convenient access for customers, staff, or event traffic. The building has been successfully utilized for multiple purposes over the years, demonstrating exceptional flexibility for a wide range of commercial uses. Previous uses have included: • Retail operations • Professional training facility with multiple offices • Conference and training rooms • Administrative office space • Storage and support areas • House of worship / ministry facility Because of its layout and highway frontage, the property is suitable for numerous commercial uses, including but not limited to: • Retail showroom or specialty retail • Professional office suites • Medical, counseling, or therapy offices • Workforce training center • Call center or administrative headquarters • Fitness or wellness facility • Church or community center • Event or meeting facility • Educational or tutoring center • Service business headquarters • Distribution or light commercial operations The property is currently tenant occupied on a month-to-month basis, providing immediate income potential, while also allowing flexibility for owner occupancy or redevelopment once the tenant vacates. The tenant anticipates relocating by May 1, 2026. Strategic Location & Regional Growth Memphis and Hall County sit within a region experiencing significant economic activity driven by energy development, renewable energy projects, agricultural operations, and large-scale infrastructure investment across the Texas Panhandle and Rolling Plains. The area is also benefiting from increasing regional investment related to data infrastructure, technology, and industrial development occurring throughout the Panhandle corridor along US Hwy 287, which connects Amarillo, Childress, and Wichita Falls and serves as a major commercial route through the region. Opportunity Zone Advantage The property is located within a designated Opportunity Zone, which may provide significant federal tax incentives for investors, including potential deferral or reduction of capital gains taxes for qualifying Opportunity Zone investments. Prospective buyers should consult their tax advisors regarding the potential benefits. Investment Highlights • High visibility US Highway 287 frontage • 7,650 SF commercial building under roof • 0.6511-acre commercial tract • Large asphalt parking area • Flexible building layout suitable for numerous uses • Month-to-month tenant income with near-term occupancy flexibility • Located within a federally designated Opportunity Zone • Positioned along a major Panhandle commercial corridor This property presents an excellent opportunity for investors, business owners, ministries, nonprofits, or organizations seeking a well-located commercial facility with highway exposure and strong long-term potential. 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.