Equipped Two-Story
For Sale
$975,000
124 G E PATTERSON Ave, Memphis, TN 38103
Commercial/Industrial, Memphis, TN
Property SizeContact for details
Days on Market569
Property Features for 124 G E PATTERSON Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
MERCHANTS C P & S CO
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
7995
Amenities
balcony views
private parking lot
Building Details
Year built
1949
Listing Agency:
Keller Williams · Keller Williams Realty
(901) 261-7900
Listed By:
Todd Adams
(901) 870-7633
Added: Feb 6, 2025
Changed: Aug 19
Last Checked: Aug 29 at 9:06PM
MLS# 10189534
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.
Located at 124 E G E Patterson Ave in Memphis, this 1949 restaurant property includes a two-level layout with operating infrastructure in place. The main floor has an entry area, bar, booth seating, a commercial kitchen, walk-in cooler, pizza oven, two restrooms, and a fenced patio. The upper level adds two dining rooms, a second bar, coolers, sinks, furnishings, an office, storage, a bathroom, and a balcony patio.
The property includes a private parking lot and is situated in Memphis’s South Main district and an Opportunity Zone. The National Civil Rights Museum, Central Station Hotel, the Arcade diner, Central BBQ, and the Trolley Line are nearby. Beale Street, the Peabody Hotel, and FedEx Forum are approximately 1 mile away, with residential properties including condos, apartments, and homes in the surrounding area.
The property includes a private parking lot and is situated in Memphis’s South Main district and an Opportunity Zone. The National Civil Rights Museum, Central Station Hotel, the Arcade diner, Central BBQ, and the Trolley Line are nearby. Beale Street, the Peabody Hotel, and FedEx Forum are approximately 1 mile away, with residential properties including condos, apartments, and homes in the surrounding area.
Key Highlights
- Two‑story restaurant and bar property at 124 E G E Patterson Ave, Memphis, TN 38103
- Main‑floor commercial kitchen with walk‑in cooler and pizza oven
- Two full bars with coolers and sinks across the property
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,456
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 72%
Apparel 17%
Shops & Services 11%
Memphis Central Station
Hotels & Casinos
12,197 visits/mo
0.1 miles
Catherines
Apparel
2,873 visits/mo
0.4 miles
Valero Energy
Shops & Services
1,782 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and bar with commercial kitchen equipment, multiple dining areas, private parking, and outdoor seating.
Where is this conventional restaurant located?
The property is located at 124 G E PATTERSON Ave Memphis, TN.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑story restaurant and bar property at 124 E G E Patterson Ave, Memphis, TN 38103; Main‑floor commercial kitchen with walk‑in cooler and pizza oven; Two full bars with coolers and sinks across the property
