124 E G.E. Patterson Ave - Restaurant FOR SALE


Memphis, TN 38103
$1,250,000 USD
901-870-7633
124 E G.E. Patterson Ave, Memphis, TN for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/39
null | Request Cap Rate

124 E G.E. Patterson Ave
Memphis, TN 38103


HIGHLIGHTS

  • Opportunity Zone, restaurant-bar, private parking lot

OVERVIEW

Restaurant, bar, turnkey opportunity; attached private parking lot. South Main, Opportunity Zone, Downtown Memphis Tn. Walking distance to the National Civil Rights Museum at the Lorraine Motel, Central Station Hotel, the oldest diner in Memphis "the Arcade", Central BBQ, famous Ernestine and Hazel's, the Trolley Line on Main Street, many coffee shops, restaurants, bars, retail art-gift stores. *1 Mile away from Historic Beale Street, the Peabody Hotel, FedEx Forum- Home of the Memphis Grizzlies. Lots of condos, apartment buildings and residential homes within walking distance, makes this the perfect location for a neighborhood supported restaurant-bar. Main floor has an entryway, full bar, booth seating, lighting, coolers, full kitchen w/ some equipment, walk-in cooler, pizza oven, two restrooms, front patio fenced. Upstairs: two large dining rooms, full bar, coolers, sinks, some tables, chairs, booth seating, office and storage space, one bathroom, outdoor patio with balcony views.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

IL

APN/PARCEL ID

00-2115-0-0009

ASK ABOUT THIS PROPERTY

Todd AdamsKW CommercialMore Info
901-870-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Todd AdamsKW CommercialMore Info
901-870-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.