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Mixed-Use Property with Restaurant
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103 S Ct Ave, Memphis, TN 38103

Ground-floor restaurant improvements are in place, while two upper levels offer apartment or office planning potential.

Property Size7,500 SF
Days on Market143

Property Features for 103 S Ct Ave

General Information

Standard status Active
Size 7,500 SF
Property subtype Mixed Use

Building Details

Buildings 1
Stories 3
Listing Agency: Crye-Leike Real Estate Services
Listed By: Chris Garland · License #TN-232993
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 10:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike Real Estate Services

Investment Insights

Based on property information with market context.

This mixed-use property includes an operating-ready restaurant buildout on the ground floor, along with two upper stories that can be planned for apartments or office space. The second and third floors measure approximately 2,500 square feet each, and the building contains a full basement outside the stated 7,500 square feet of total space.

The property is located at 103 S Ct Ave in downtown Memphis, within the Court Square area. Existing restaurant improvements on the first floor and unfinished upper-level space create a vertically configured redevelopment asset with multiple possible components.

Key Highlights

  • Ground‑floor restaurant buildout is in place
  • Second and third floors measure approximately 2,500 square feet each
  • Two upper levels identified for apartment or office use

Property Analytics

Current Use

The Downtown Church Church Energy Famous Pasta Restaurant GraceLife Downtown Church

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Furniture & Home Goods Tanning Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,789
Businesses Nearby
129k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 58% Dining 29% Shops & Services 13%
Flying Fish Dining
18,139 visits/mo 0.2 miles
Sheraton Memphis Downtown Hotel Hotels & Casinos
14,229 visits/mo 0.5 miles
Wendy's Dining
14,209 visits/mo 0.4 miles
Exxon Shops & Services
13,743 visits/mo 0.5 miles
DoubleTree by Hilton Hotel Memphis Downtown Hotels & Casinos
12,893 visits/mo 0.2 miles

Demographics for 38103, TN

14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value

Market

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor restaurant improvements are in place, while two upper levels offer apartment or office planning potential.
Where is this mixed-use property located?
The property is located at 103 S Ct Ave Memphis, TN.
What are key features of this property?
This property features: Ground‑floor restaurant buildout is in place; Second and third floors measure approximately 2,500 square feet each; Two upper levels identified for apartment or office use
(901) 338-3226 Call to check price and availability
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