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    1215 Thomas St Memphis, TN 38107

    For Sale
    $62,222

    Commercial - Memphis, TN

    Days on Market:
    59
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 1215 Thomas St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    EMP

    Building Details

    Year built
    1936
    Architectural style
    Other

    HARRIS REALTY SERVICES, LLC (901) 372-8003 [email protected]

    Listing agent Virgil Pryor (901) 372-8003

    Listing date Oct 8, 2025

    MLS# 10201022 Listing URL

    Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bar/Lounge in Memphis, TN

    This is a bar/lounge property for sale in Memphis, TN, with EMP zoning. The property, formerly a popular spot, requires a full rehabilitation due to closure during COVID and water damage from the roof. This presents an opportunity for an affordable investment with the potential to re-establish a thriving business. All offers are considered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Gentleman Adult Entertainment Club

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    BBKings, Starbucks, Starbucks, Notes & Provisions Restaurant and Bar, Westy's

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0361667
    Latitude
    35.1743812

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    FAQs

    What type of property is this?
    Bar - Bar/lounge for sale, priced to sell quickly under $100,000.
    Where is this bar located?
    The property is located at 1215 Thomas St Memphis, TN.
    What is the asking price?
    The asking price for this property is $62,222.
    What are key features of this property?
    This property features: - Priced under $100,000 for quick sale.; - Opportunity to revive a former popular bar/lounge.; - All offers considered.
    (901) 372-8003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 Thomas St Memphis, TN 38107
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