Memphis Bar/Lounge
For Sale
$37,000
1215 THOMAS St, Memphis, TN 38107
Commercial/Industrial, Memphis, TN
Property SizeContact for details
Days on Market407
Property Features for 1215 THOMAS St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
SCOTT OBERST & NICHOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
648
Building Details
Year built
1936
Listing Agency:
Harris Realty Services
(901) 372-8003
Listed By:
Virgil Pryor
(901) 214-7044
Added: Jul 11, 2025
Changed: Aug 19
Last Checked: Aug 21 at 4:06AM
MLS# 10201022
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
A bar/lounge is available for sale. The property, formerly a popular spot, requires a full rehabilitation due to closure during COVID-19. Water damage from the roof needs attention. Located in Memphis, TN 38107, this property presents an investment opportunity for a potential business venture.
Key Highlights
- Priced under $100,000 for quick sale.
- Opportunity for a bar/lounge business.
- Located at coordinates: [-90.03628, 35.174606].
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38107, TN
15,655
Population
8,093
Households
1.9
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
2,899
Density / Sq Mi
$36,393
Median Household Income
$34,958
Median Earnings
$999
Median Rent
$128,600
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Gentleman — 1215 Thomas St, Memphis, TN 38107
- The Blac Betty — 1331 Thomas St, Memphis, TN 38107
- Blue Note Bourbon — 802 Royal Ave, Memphis, TN 38107
- Boom Boom Room — 1065 Thomas St, Memphis, TN 38107
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar/lounge needing full rehab, priced to sell quickly.
Where is this bar & pub located?
The property is located at 1215 THOMAS St Memphis, TN.
What is the asking price?
The asking price for this property is $37,000.
What are key features of this property?
This property features: Priced under $100,000 for quick sale.; Opportunity for a bar/lounge business.; Located at coordinates: [-90.03628, 35.174606].
