Bar And Lounge
For Sale
$32,000
1215 THOMAS St, Memphis, TN 38107
Commercial/Industrial, Memphis, TN
Property SizeContact for details
Days on Market432
Property Features for 1215 THOMAS St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
SCOTT OBERST & NICHOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
648
Building Details
Year built
1936
Listing Agency:
Harris Realty Services
(901) 372-8003
Listed By:
Virgil Pryor
(901) 214-7044
Added: Jul 11, 2025
Changed: Aug 25
Last Checked: Sep 15 at 2:06PM
MLS# 10201022
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This bar and lounge property dates to 1936 and is being offered in its current condition. The space was previously used as a bar and lounge but has been closed since the COVID period. A full rehabilitation is needed, with roof-related water damage requiring attention.
The property is located at 1215 Thomas St in Memphis, Tennessee 38107, within Shelby County. Its existing commercial format provides a defined starting point for renovation planning, subject to applicable approvals and property-specific evaluation.
The property is located at 1215 Thomas St in Memphis, Tennessee 38107, within Shelby County. Its existing commercial format provides a defined starting point for renovation planning, subject to applicable approvals and property-specific evaluation.
Key Highlights
- Bar and lounge property constructed in 1936
- Full rehabilitation required
- Roof‑related water damage needs attention
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38107, TN
15,655
Population
8,093
Households
1.9
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
2,899
Density / Sq Mi
$36,393
Median Household Income
$34,958
Median Earnings
$999
Median Rent
$128,600
Median Home Value
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Market
Vacancy Rate% for Retail in Memphis, TN
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Similar Off Market Nearby
- Boom Boom Room — 1065 Thomas St, Memphis, TN 38107
- The Gentleman — 1215 Thomas St, Memphis, TN 38107
- The Blac Betty — 1331 Thomas St, Memphis, TN 38107
- Blue Note Bourbon — 802 Royal Ave, Memphis, TN 38107
Frequently Asked Questions
What type of property is this?
Bar & Pub - Existing bar and lounge space requires full rehabilitation, including attention to roof-related water damage.
Where is this bar & pub located?
The property is located at 1215 THOMAS St Memphis, TN.
What is the asking price?
The asking price for this property is $32,000.
What are key features of this property?
This property features: Bar and lounge property constructed in 1936; Full rehabilitation required; Roof‑related water damage needs attention
