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    1400 Elvis Presley Blvd Blvd Memphis, TN 38106

    Sponsored
    For Sale
    $295,000

    Prime Location, High-Traffic, Event Center Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional multi-use commercial property, located at 1400 Elvis Presley Blvd in Memphis, Tennessee, presents a unique investment opportunity. Spanning nearly 4,000 square feet, this free-standing, two-story building currently operates as a successful event center, generating substantial income from multiple rental bays. The building's versatile design allows for a variety of uses, capitalizing on its high-traffic location on Elvis Presley Boulevard. Adding to its income potential, the property includes an upstairs efficiency apartment, ideal for rental income or on-site management. A finished basement previously served as a musicians' practice studio, offering further revenue-generating possibilities. The building boasts a well-designed layout, originally constructed as a restaurant, ensuring excellent traffic flow and ample space for various commercial ventures. Adding to its unique history, this property served as a filming location for an original Netflix movie. Priced at $295,000, this property offers significant return on investment potential for a savvy buyer looking for a versatile and established commercial space in a prime Memphis location. The property sits on a 0-acre lot.

    Property Features for 1400 Elvis Presley Blvd Blvd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1955
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.02118
    Latitude
    35.10837

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, High-Traffic, Event Center Potential
    Where is this commercial real estate located?
    The property is located at 1400 Elvis Presley Blvd Blvd Memphis, TN.
    What is the asking price?
    The asking price for this property is $295,000.
    (901) 590-1527
    Request Owner's contact information
    1400 Elvis Presley Blvd Blvd Memphis, TN 38106
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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
    1400 Elvis Presley Blvd Blvd Memphis, TN 38106
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