This Retail Property is no longer advertised on LoopNet.com.

887 S Highland St
Memphis, TN 38111
Jupiter's Backyard Bar · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Bar
Building Size
2,300 SF
Year Built/Renovated
1955/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.20 AC
Zoning
Commercial
Frontage
100’ on Highland

Amenities

  • Corner Lot
  • Courtyard
  • Fenced Lot
  • Restaurant
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

About 887 S HIGHLAND ST , MEMPHIS, TN 38111

Freestanding building previously known as Luke's Tavern of Memphis and recently remodeled and fully updated as a new bar and grill Includes all new updated electrical, plumbing and HVAC Brand new Fencing & deck in backyard Currently rented at $18/sqft/yr ($3,500.00/month) with well paying tenant This parcel can also easily be redevelpoed into a 3,000+ sqft commercial building Dense Population In Trade Area Near University of Memphis 21,000 Students Enrolled Direct Customer Base Close Proximity to National Tenants Nearby national tenants include Save-A-Lot, CVS Pharmacy, Walgreens, Dollar Tree, Family Dollar, and more, promoting crossover traffic. The 5-mile trade area is supported by a population of more than 253,000 residents and 184,000 employees. The 3-mile area has an average household income of nearly $67,000.

Property Taxes

Property Taxes

Parcel Number
05-8001-0-0015
Land Assessment
$11,520
Improvements Assessment
$19,280
Total Assessment
$30,800
  • Listing ID: 19140401

  • Date on Market: 4/7/2020

  • Last Updated:

  • Address: 887 S Highland St, Memphis, TN 38111

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