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2 Turnkey Restaurant Buildings + Dedicated Pa 1330 Peabody Ave 6,004 SF Office Building Memphis, TN 38104 $1,650,000 ($274.82/SF)
EXECUTIVE SUMMARY
FOR SALE:
2 Turnkey Restaurant Buildings + Dedicated Parking Lots
1324 Peabody Ave & 1330 Peabody Ave + Dedicated Parking Lots
Prime retail location featuring two buildings with over 6,000 combined square feet of turnkey restaurant space, plus large outdoor bar and patio and 120 feet of frontage on Peabody Avenue. Recently renovated! These two buildings offer an excellent location in the Midtown Memphis area, with infill development potential. Sell could also include 1302/1304 Peabody, double parking lot, paved, striped and fenced with an additional 100 feet of Peabody frontage. A unique chance to enter a vibrant commercial neighborhood with substantial visibility and accessibility. The zoning is RW - Commercial PUD, supporting a commercial restaurant or retail development. Perfect for investors, developers or entrepreneurs looking for a ready-to-go restaurant or retail investment in a prime location.
• Two Turn Key Restaurants Opportunity
• Two Buildings
• Infill Development Potential
• Building Size Over 6,000 SF (combined)
• Dedicated Parking Lots
• Over 70 Parking Spaces
2 Turnkey Restaurant Buildings + Dedicated Parking Lots
1324 Peabody Ave & 1330 Peabody Ave + Dedicated Parking Lots
Prime retail location featuring two buildings with over 6,000 combined square feet of turnkey restaurant space, plus large outdoor bar and patio and 120 feet of frontage on Peabody Avenue. Recently renovated! These two buildings offer an excellent location in the Midtown Memphis area, with infill development potential. Sell could also include 1302/1304 Peabody, double parking lot, paved, striped and fenced with an additional 100 feet of Peabody frontage. A unique chance to enter a vibrant commercial neighborhood with substantial visibility and accessibility. The zoning is RW - Commercial PUD, supporting a commercial restaurant or retail development. Perfect for investors, developers or entrepreneurs looking for a ready-to-go restaurant or retail investment in a prime location.
• Two Turn Key Restaurants Opportunity
• Two Buildings
• Infill Development Potential
• Building Size Over 6,000 SF (combined)
• Dedicated Parking Lots
• Over 70 Parking Spaces
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
6,004 SF
Building Class
C
Year Built/Renovated
1900/2024
Price
$1,650,000
Price Per SF
$274.82
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,000 SF
Building FAR
0.17
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
RMM
AMENITIES
- Restaurant
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $92,640 | |
| Land Assessment | $34,520 | Total Assessment | $127,160 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$34,520
Improvements Assessment
$92,640
Total Assessment
$127,160
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2 Turnkey Restaurant Buildings + Dedicated Pa | 1330 Peabody Ave
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