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    2166 Central Ave Memphis, TN 38104

    For Lease
    Contact for pricing

    Former Railgarten venue with dining, music, and recreational spaces.

    Property size:
    9,843 SF
    Lot size:
    1.36 Acres

    Property Features for 2166 Central Ave

    General Information

    Size
    9,843 SF
    Lot size
    1.36 Acres

    Source: Colliers | Memphis Agent Ed Thomas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unique Entertainment Venue for Lease

    This 9,843 square-foot property on 1.35 acres is located in the Midtown/Downtown submarket and is zoned IL. Built in 1968, the property was formerly Railgarten, a dining, entertainment, and recreational venue offering both indoor and outdoor spaces. It features multiple dining, drinks, and live music areas inside and outside. The property includes a fully furnished retro-style diner, tiki bar, and indoor music hall. Outdoor amenities include a gated backyard and beer garden, an outdoor stage for larger gatherings, a full-sized sand volleyball court, a ping-pong pavilion, outdoor fire pits, picnic tables, string lights, and a fenced playground. There are 30 parking spaces available, with the possibility of adding more. The property is located within 9 minutes of 3 universities, 3 museums, Overton Square, Overton Park, the Memphis Zoo, Liberty Stadium, many popular restaurants, and Downtown Memphis.
    Insight Report Location Intelligence

    Current Use by Public Records

    Railgarten Bar & Grill

    Suggested Use

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

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

    Similar Places Nearby

    Matai’z Polynesian grill, R & R Cravings, LLC, Lady Hibachi, Meka's Meals, Loaf

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.9897889
    Latitude
    35.1264023

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    FAQs

    What type of property is this?
    Restaurant - Former Railgarten venue with dining, music, and recreational spaces.
    Where is this restaurant located?
    The property is located at 2166 Central Ave Memphis, TN.
    What are key features of this property?
    This property features: - Established Entertainment Venue: Former Railgarten with dining, drinks, and live music areas, offering immediate operational potential.; - Prime Location: Midtown/Downtown submarket, close to universities, museums, parks, restaurants, and Downtown Memphis.; - Large Lot Size: 9,843± SF building on 1.35± AC, providing ample indoor and outdoor space.
    (901) 605-0561
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    2166 Central Ave Memphis, TN 38104
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    Memphis, TN 38104
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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
    2166 Central Ave Memphis, TN 38104
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