Coffee Shop
For Sale
$1,299,900
1324 PEABODY Ave, Memphis, TN 38104
Commercial/Industrial, Memphis, TN
Property SizeContact for details
Days on Market94
Property Features for 1324 PEABODY Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
MAISON RAJI PD AMENDED
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
4949
Building Details
Year built
1924
Listing Agency:
eXp Realty, LLC
(888) 519-5113
Listed By:
David Truong · License #285299
(901) 503-3947
Added: Jun 24
Changed: Aug 20
Last Checked: Sep 25 at 8:06PM
MLS# 10224700
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.
This Midtown Memphis property comprises two parcels at 1324-1330 Peabody Ave and includes a restaurant building occupied by Pearl's Tea & Coffee House. The building dates to 1924 and is positioned within a commercial area that includes restaurants, retail, offices, and residential neighborhoods.
The property is near Central Gardens, Overton Square, Downtown Memphis, and the Medical District. Its Peabody Avenue location provides frontage, parking, and access to major thoroughfares, while the assemblage offers an established commercial setting for continued restaurant use or future redevelopment.
The property is near Central Gardens, Overton Square, Downtown Memphis, and the Medical District. Its Peabody Avenue location provides frontage, parking, and access to major thoroughfares, while the assemblage offers an established commercial setting for continued restaurant use or future redevelopment.
Key Highlights
- Two‑parcel assemblage at 1324‑1330 Peabody Ave
- Restaurant building operated as Pearl's Tea & Coffee House
- 1924 building construction
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,529
Businesses Nearby
171k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 35%
Groceries 7%
Hotels & Casinos 2%
Cook Out
Dining
20,660 visits/mo
0.5 miles
Dollar Tree
Shops & Services
17,853 visits/mo
0.3 miles
Taco Bell
Dining
15,629 visits/mo
0.4 miles
Starbucks
Dining
13,379 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
12,647 visits/mo
0.3 miles
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
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Market
Vacancy Rate% for Retail in Memphis, TN
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Similar Off Market Nearby
- 7 Brew Coffee — 1625 Union Ave, Memphis, TN 38104
- Starbucks — 1420 Union Ave, Memphis, TN 38104
- Edible Arrangements — 1430 Union Ave, Memphis, TN 38104
- Starbucks — 920 Madison Ave, Memphis, TN 38163
- Cozy Cafe — 1340 Madison Ave, Memphis, TN 38104
Frequently Asked Questions
What type of property is this?
Coffee shop - Two parcels include a restaurant building operated as Pearl's Tea & Coffee House.
Where is this coffee shop located?
The property is located at 1324 PEABODY Ave Memphis, TN.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Two‑parcel assemblage at 1324‑1330 Peabody Ave; Restaurant building operated as Pearl's Tea & Coffee House; 1924 building construction
