Historic Mixed-Use
For Sale
$875,000
126 Monroe Ave, Memphis, TN 38103
Restaurant, retail, and residential components create a flexible downtown commercial configuration.
Property Size10,187 SF
Price / SF$85.89
Days on Market29
Property Features for 126 Monroe Ave
General Information
Standard status
Active
Size
10,187 SF
Property subtype
Retail
Additional Details
Asking Price
$875,000
Building Details
Building Size
10,187 SF
Year Built
1890
Listing Agency:
Avison Young | Memphis
Listed By:
James McCraw, CCIM · License #TN #340992
(901) 590-9997
Source:
Naiglobal
Added: Aug 8
Changed: Sep 4
Last Checked: Sep 5 at 5:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young | Memphis
Investment Insights
Based on property information with market context.
This mixed-use property combines restaurant, retail, and residential space across three downtown addresses. The improvements total 10,187 SF and date to 1890, with historic architecture and character. A 3,000 SF second-generation restaurant area includes existing restaurant infrastructure, while a 1,000 SF street-level storefront provides a separate retail component. Two apartment units add residential space to the overall configuration.
The property is located at 126 Monroe Ave, 128 Monroe Ave, and 25 S Second Street in Downtown Memphis, near Court Square and Main Street. Its existing mix of commercial and residential improvements supports restaurant, retail, entertainment, mixed-use, and live/work concepts, subject to applicable approvals and requirements.
The property is located at 126 Monroe Ave, 128 Monroe Ave, and 25 S Second Street in Downtown Memphis, near Court Square and Main Street. Its existing mix of commercial and residential improvements supports restaurant, retail, entertainment, mixed-use, and live/work concepts, subject to applicable approvals and requirements.
Key Highlights
- 10,187 SF mixed‑use property across 126 Monroe Ave, 128 Monroe Ave, and 25 S Second Street
- 3,000 SF second‑generation restaurant area with existing restaurant infrastructure
- 1,000 SF street‑level retail storefront
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,789
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 58%
Dining 29%
Shops & Services 13%
Flying Fish
Dining
18,139 visits/mo
0.2 miles
Sheraton Memphis Downtown Hotel
Hotels & Casinos
14,229 visits/mo
0.5 miles
Wendy's
Dining
14,209 visits/mo
0.4 miles
Exxon
Shops & Services
13,743 visits/mo
0.5 miles
DoubleTree by Hilton Hotel Memphis Downtown
Hotels & Casinos
12,893 visits/mo
0.2 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?
Mixed-use property - Restaurant, retail, and residential components create a flexible downtown commercial configuration.
Where is this mixed-use property located?
The property is located at 126 Monroe Ave Memphis, TN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 10,187 SF mixed‑use property across 126 Monroe Ave, 128 Monroe Ave, and 25 S Second Street; 3,000 SF second‑generation restaurant area with existing restaurant infrastructure; 1,000 SF street‑level retail storefront
