Address
1324 PEABODY AVE Memphis, TN
Price
$ 1,600,000
Property Attributes
  • MLS#10106579
  • TypeCommercial
  • CountySHELBY
  • CityMemphis
  • AreaCentral Gardens
  • NeighborhoodANNESDALE PARK
  • Zip38104
  • StyleFood Service,Historical,Medical,Office,Retail,Spec
  • Year Built1924
  • Taxes$ 15920
  • Price$ 1,600,000
  • Bedrooms0
  • Full Bathrooms6
  • Half Bathrooms0
Listing Provided Courtesy Of:
Adaro Realty, Inc.
Data Source:
Memphis MLS (MAAR)
Property Description

Mid-Town/Downtown Gem, on .8 (+/-) acre, is centrally located in The Medical Center, Annesdale District and Central Gardens. Formerly operated as a successful restaurant of 18+years, a turn-key operation. Seating capacity for indoor/outdoor dining is 170+ with 60+parking spaces. Second building is equipped with a Viking kitchen and basement bar. Many options abound: Airbnb, Medical Offices, Catering Venue, Restaurant/Lounge, Live/Work. Only 2 miles to Famous Beale Street and Downtown Memphis.

Price History
8/17/2021 Listed $2,100,000
12/14/2021 24% - $1,600,000

General Features

Area 746F
City Memphis
Class Commercial/Industrial
Legal Subdivision Name ANNESDALE PARK
Listing Area Central Gardens
Miscellaneous Fire Sprinklers, Furniture, Rest Rooms, Security System, Sprinkler System, Telephone System
Road Frontage City Street
Roof Other (Call LA)
Service Type Full Service Listing
Status Active
Status Active
Stories 3
Type Commercial
Virtual Tour https://axiom360memphis.seehouseat.com/1896089?idx=1
Year Built 1924
Zoning RW

Interior Features

Cooling System Central Cooling
Floors Other (See Remarks)
Heating Central
Hot Water Public Sewer, Public Water
Restrooms 6

Exterior Features

Sale Includes All Equipment, All Furnishings, Building and Land, Business Name, Signage
Foundation Full Basement
Lot Size 60X150
Number of Buildings 2
Parking Facility 31-75 Spaces, Asphalt/Blacktop
Road Frontage (ft) 240

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 38104

Price
AVG $740K
$1.6M
Taxes
AVG $6,267
$15,920
Visits
AVG 58
88
Year Built
AVG 1939
1924
Walkscore
AVG 78
73
Data Provided by Walkscore ® not using MLS data

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