2090 Elvis Presley Blvd - Freestanding FOR SALE


Memphis, TN 38106- Southeast Memphis
$375,000 USD
901-351-5595
2090 Elvis Presley Blvd, Memphis, TN for Sale
$375,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

2090 Elvis Presley Blvd
Memphis, TN 38106
Southeast Memphis


OVERVIEW

Prime opportunity to acquire a mixed-use retail property featuring an established liquor store business, ideal for an owner-user or value-add investor. The property consists of a ±5-unit retail strip featuring one fully operational owner-occupied liquor store, one leased auto repair tenant currently paying $1,100 per month, and three vacant suites offering significant lease-up potential. The sale includes both the real estate and the liquor store business, creating a turnkey opportunity for an operator looking to step into an established revenue stream. Ownership is retiring after years of operation and is willing to assist with transition and training. Seller will cooperate with the ABC liquor license transfer process for qualified buyers. Located along Elvis Presley Blvd with strong visibility, traffic counts, and surrounding commercial activity, the property presents flexibility for retail, service, automotive, or redevelopment-oriented users. Ideal for investors seeking upside through lease-up and operational improvements. • ±5-unit retail strip with mixed-use potential • Turnkey liquor store business included in sale • Seller willing to assist with ABC license transfer • One occupied auto repair tenant paying $1,100/month • Three vacant suites with lease-up upside • High-visibility Elvis Presley Blvd location • Ample on-site parking • Ideal for owner-user or value-add investor • Seller willing to assist with transition/training • Potential SBA opportunity for owner-operator buyers

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2090 Elvis Presley (Virgies Liquor and Wines)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

25,962 SF

ZONING

C-H

APN/PARCEL ID

06-0053-0-0041

ASK ABOUT THIS PROPERTY

Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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