Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2097 Madison Ave Memphis, TN 38104

    For Sale
    $165,000

    Turnkey restaurant, prime Overton Square location. High-traffic area, loyal clientele.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional opportunity presents the chance to acquire an established restaurant in Memphis' vibrant Overton Square. Operating successfully for 30 years, this family-run business boasts a prime corner location within walking distance of movie theaters, art galleries, and numerous bars, ensuring high foot traffic and visibility. The restaurant has cultivated a dedicated and loyal customer base over its three decades of operation, providing a solid foundation for continued success. The sale includes a complete turnkey operation, meaning everything is in place for a smooth transition. The current owner is seeking a new chef to elevate the business to even greater heights. While not under pressure to sell, the owner is now open to exploring offers. This presents a rare chance to acquire a well-established business in a highly desirable location, ready for a new owner to build upon its existing success. The building itself is unique and adds to the overall appeal of this exceptional offering. This is a truly remarkable opportunity for an experienced restaurateur looking to establish themselves in a thriving Memphis neighborhood. The asking price is $165,000.

    Property Features for 2097 Madison Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1910
    Property Profile Location Intelligence

    Current Use by Public Records

    Golden India Indian Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.99143
    Latitude
    35.13662

    Nearby Similar for Sale

    • $3,000,000

      Ashlar Hall: Memphis' Castle

      Historic landmark ideal for events or private estate living.
      1397 Central Ave, Memphis, TN 38104
      View Details
    • $399,800

      Memphis Fourplex Near Union Station

      Charming, fully leased fourplex near Central Gardens and Cooper Young.
      1009 Rozelle St, Memphis, TN 38114
      View Details
    • $250,000

      Frayser Bauhaus: Live/Work Opportunity

      Unique live/work space or business location in Memphis, Tennessee.
      3590 Thomas St, Memphis, TN 38127
      View Details
    • $485,000

      Memphis Triplex Investment Opportunity

      Triplex with three units, income potential, convenient location.
      2006 Felix Ave, Memphis, TN 38104
      View Details
    • $424,900

      Mixed-Use Condo in Memphis, TN

      Versatile condo with office, business, and residential spaces combined.
      95 S Main St, Memphis, TN 38103
      View Details
    • $795,000

      High-Traffic Commercial Space in Memphis

      Versatile 7,868 SF commercial space in high-growth Memphis area.
      2802 Lamar Ave, Memphis, TN 38114
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Turnkey restaurant, prime Overton Square location. High-traffic area, loyal clientele.
    Where is this commercial real estate located?
    The property is located at 2097 Madison Ave Memphis, TN.
    What is the asking price?
    The asking price for this property is $165,000.
    Request Owner's contact information
    2097 Madison Ave Memphis, TN 38104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2097 Madison Ave
    Memphis, TN 38104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2097 Madison Ave Memphis, TN 38104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.