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2090 Elvis Presley (Virgies Liquor and Wines) 2090 Elvis Presley Blvd 8,734 SF Vacant Retail Building Memphis, TN 38106 $375,000 ($42.94/SF)
Executive Summary
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
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
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,734 SF
Building Class
C
Year Built
1955
Price
$375,000
Price Per SF
$42.94
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.60 AC
Zoning
C-H
Parking
10 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
111’ on Elvis Presley Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06-0053-0-0041 | Improvements Assessment | $68,080 |
| Land Assessment | $21,600 | Total Assessment | $89,680 |
Property Taxes
Parcel Number
06-0053-0-0041
Land Assessment
$21,600
Improvements Assessment
$68,080
Total Assessment
$89,680
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2090 Elvis Presley (Virgies Liquor and Wines) | 2090 Elvis Presley Blvd
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