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124 E G.E. Patterson Ave 4,022 SF Retail Building Memphis, TN 38103 $1,100,000 ($273.50/SF)
INVESTMENT HIGHLIGHTS
- Opportunity Zone, restaurant-bar, private parking lot
EXECUTIVE SUMMARY
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!
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!
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,022 SF
Building Class
B
Year Built/Renovated
1949/2011
Price
$1,100,000
Price Per SF
$273.50
Tenancy
Single
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.54
Lot Size
0.17 AC
Zoning
IL
Parking
15 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Signage
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00-2115-0-0009 | Improvements Assessment | $331,720 |
| Land Assessment | $64,120 | Total Assessment | $395,840 |
PROPERTY TAXES
Parcel Number
00-2115-0-0009
Land Assessment
$64,120
Improvements Assessment
$331,720
Total Assessment
$395,840
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124 E G.E. Patterson Ave
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