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


Memphis, TN 38103- South Main
$1,199,900 USD
901-870-7633
124 E G.E. Patterson Ave, Memphis, TN for Sale
$1,199,900 USD
Restaurant - FOR SALE
1/39
null | Request Cap Rate

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


HIGHLIGHTS

  • Opportunity Zone, restaurant-bar, private parking lot

OVERVIEW

Seize a rare opportunity at 124 E G E Patterson Ave, a turnkey restaurant and bar in the vibrant South Main district—an Opportunity Zone poised for growth. This fully equipped property is ready to operate from day one, featuring a main floor with a welcoming entryway, full bar, booth seating, lighting, coolers, a full kitchen with walk-in cooler and pizza oven, two restrooms, and a fenced front patio. Upstairs offers two large dining rooms, another full bar, coolers, sinks, tables, chairs, booth seating, an office, storage, one bathroom, and an outdoor patio with balcony views. A private parking lot adds unmatched convenience. Steps from the National Civil Rights Museum, Central Station Hotel, the historic Arcade diner, Central BBQ, and the Trolley Line, this location thrives with foot traffic. Just a mile from Beale Street, the Peabody Hotel, and FedExForum, it’s surrounded by condos, apartments, and homes—perfect for a neighborhood hotspot. Own a piece of Memphis’s culinary scene in this high-visibility, high-potential gem!

FOR SALE DETAILS

PRICE

$1,199,900 USD

PRICE/SF

$298 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

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

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Todd AdamsKW CommercialMore Info
901-870-7633

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