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    124 E Ge Patterson Ave E PATTERSON Memphis, TN 38103

    For Sale
    $1,100,000

    Commercial - Memphis, TN

    Days on Market:
    58
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 124 E Ge Patterson Ave E PATTERSON

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1949
    Architectural style
    Other

    KELLER WILLIAMS® (901) 261-7900 [email protected]

    Listing agent Todd Adams (901) 261-7900

    Listing date Oct 15, 2025

    MLS# 10189534 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

    Turnkey Restaurant and Bar Opportunity

    Located at 124 E G E Patterson Ave in Memphis, TN, this turnkey restaurant and bar presents a rare opportunity in the South Main district, an Opportunity Zone. The fully equipped property is ready for immediate operation. The main floor features a welcoming entryway, a full bar, booth seating, lighting, coolers, a full kitchen with a walk-in cooler and pizza oven, and two restrooms. A fenced front patio enhances the ground floor. The upstairs area includes two large dining rooms, another full bar, coolers, sinks, tables, chairs, booth seating, an office, storage space, one bathroom, and an outdoor patio with balcony views. A private parking lot provides convenience. The property is located near the National Civil Rights Museum, Central Station Hotel, the historic Arcade diner, Central BBQ, and the Trolley Line, benefiting from substantial foot traffic. Situated approximately one mile from Beale Street, the Peabody Hotel, and FedExForum, the location is surrounded by condos, apartments, and homes, making it suitable as a neighborhood establishment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parlay Restaurant and Bar Restaurant V124 Restaurant

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Clothing Store Gym & Fitness Daycare Center

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

    Similar Places Nearby

    Silky O'Sullivan's, The Warehouse, Eight & Sand, Loflin Yard, Momma's

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.05793
    Latitude
    35.132996

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    FAQs

    What type of property is this?
    Bar - Fully equipped restaurant and bar in Memphis's vibrant South Main.
    Where is this bar located?
    The property is located at 124 E Ge Patterson Ave E PATTERSON Memphis, TN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Turnkey restaurant and bar ready for immediate operation.; - Prime location in the South Main district, an Opportunity Zone.; - Fully equipped kitchen with walk-in cooler and pizza oven.
    (901) 261-7900
    Request Owner's contact information
    124 E Ge Patterson Ave E PATTERSON Memphis, TN 38103
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    Memphis, TN 38103
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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
    124 E Ge Patterson Ave E PATTERSON Memphis, TN 38103
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