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113 S Court Ave
Memphis, TN 38103
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- First floor condo Available
- Convenient public transit: Main Street Trolley
- 6,650 SF 2nd Generation Restaurant
EXECUTIVE SUMMARY
**Second Generation Restaurant Opportunity in Downtown Memphis!** Introducing **113 S Court Ave, Memphis, TN 38103**, a 6,650 SF± 2nd generation restaurant located in the iconic Kress Building on Court Square. This three-level culinary haven includes a ground floor restaurant, mezzanine, and a basement boasting a full bar setup. With front door parking and a stunning view of Court Square, this vibrant property offers an excellent investment prospect in a very walkable downtown location. Noteworthy features include a unique layout, part of a commercial building condo with HOA fees solely for the restaurant. Don't miss out on this incredible opportunity to own a piece of Memphis's culinary scene. Reach out now to explore this tantalizing property on **Court Ave**, perfectly positioned for success in the heart of the city!
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,650 SF
Building Class
C
Year Built
2006
Price
$550,000
Price Per SF
$82.71
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.53 AC
Zoning
CBID - CBID Mixed Use Zoning
Frontage
162’ on North Main Street
PROPERTY TAXES
| Parcel Number | 00-2005-0-0002C | Improvements Assessment | $3,847,000 |
| Land Assessment | $264,000 | Total Assessment | $4,111,000 |
PROPERTY TAXES
Parcel Number
00-2005-0-0002C
Land Assessment
$264,000
Improvements Assessment
$3,847,000
Total Assessment
$4,111,000
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