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124 E G E Patterson Ave

Memphis, TN 38103
  • $1,250,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 10189534
UPDATED: 57 min ago
$1,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Description

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, its surrounded by condos, apartments, and homes"perfect for a neighborhood hotspot. Own a piece of Memphiss culinary scene.

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© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-03-25T00:03:08.777.
www.gowenpropertygroup.com/homes/160122248
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124 E G E Patterson Ave Memphis, TN 38103

  • Price: $1,250,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 57 min ago
  • MLS #: 10189534
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1949
Built
Neighborhood:
Merchants C P & S Co
County:
Shelby
Area:
South Bluffs/Downtown
Property Description
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, its surrounded by condos, apartments, and homes"perfect for a neighborhood hotspot. Own a piece of Memphiss culinary scene.
Exterior Features

Buildings 1 Location CityCornerFree Standing Lot Size 99.37 X 74 Parking Facility 16-30 SpacesAsphalt/BlacktopAttachedEnclosed Road Frontage City Street Road Frontage Feet 100 Roof FlatPitchedRoll Truck Loading Door Height 6-8.9 Feet

Interior Features

Average Ceiling Height 13-15.9 Feet Cooling System 220 WiringCentral CoolingElectric Cooling Floors HardwoodOther Flooring Foundation Maintenance AreaSlabStorage Area Heating System CentralElectricGas Hot Water Electric Hot WaterGas Hot WaterPublic SewerPublic Water Improved Sq Ft 5000 Restrooms 3 Seating Capacity 151-200

Property Features

Annual City Tax 6372 Annual County Tax 7995 Commercial Type Commercial Existing Financing Other (See Remarks) Information Available BrochurePlat Legal Subdivision Name MERCHANTS C P & S CO Lot Number 19&21 Miscellaneous FixturesFurnitureCompressor(s)Display Window(s)Rest Rooms220 Volt PowerInside StorageOutside StorageFencedOutside Lighting New Financing Conventional Possession Lease Other (See REMARKS) Sale Includes Building and LandSome AppliancesSome EquipmentSome Furnishings Tenant Pays Other (See REMARKS) Trade Business Name The Vault Restaurant Type Usage Food ServiceOfficeOffice CondoRetail

Listing information © 2025 Memphis Area Association of REALTORS®.
Listing provided courtesy of Keller Williams: 901-261-7900.



© 2025 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gowen Property Group | Keller Williams Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2025-03-25T00:03:08.777.
 
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