Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5465 Fox Plaza Dr Memphis, TN 38115

    Sponsored
    For Sale
    Contact for pricing

    6,624 SF Restaurant, Fully Equipped Kitchen

    Property size:
    6,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,624 square foot restaurant space, located at 5465 Fox Plaza Drive in Memphis, Tennessee, presents a unique turnkey opportunity for restaurateurs. Previously home to Leonard's BBQ, a Memphis institution operating since 1922, this property boasts a fully built-out kitchen, ready for immediate occupancy. The spacious dining area offers significant flexibility, allowing for the creation of private dining rooms or event spaces. Situated on a 1.13-acre lot, the property provides ample parking for patrons and the potential for prominent pylon signage. High traffic counts are a significant advantage, with Mt. Moriah Extended boasting 24,267 AADT, I-240 at 181,743 AADT, and Highway 385 at 137,101 AADT. The building was constructed in 1974 and is classified as Class C retail. This prime location in Shelby County, zip code 38115, offers excellent visibility and accessibility. The property's history as a successful, long-standing restaurant provides a strong foundation for future success. This is a rare opportunity to acquire a well-established restaurant space with significant potential for growth in a high-traffic area of Memphis. The existing infrastructure minimizes start-up costs and allows for a quick transition to operations. Don't miss this chance to establish your restaurant in a prime Memphis location.

    Property Features for 5465 Fox Plaza Dr

    General Information

    Property type
    Restaurants
    Square Feet
    6,624 SF
    Class
    C
    Lot Size
    49,223 SF

    Building Details

    Year Built
    1974

    HighLights

    • Historic Memphis location, formerly Leonard's BBQ (est. 1922).
    • 1.13‑acre lot with abundant parking and pylon signage potential.
    • Turnkey restaurant space with a fully equipped kitchen.
    • Large dining area adaptable for private dining or event rentals.
    • High traffic counts: Mt. Moriah Extd (24,267 AADT), I‑240 (181,743 AADT), and Hwy 385 (137,101 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8814085
    Latitude
    35.0740504

    Nearby Similar for Sale

    • $2,750,000

      Ashlar Hall: Memphis' Castle

      Historic landmark ideal for events or private estate in Memphis.
      1397 Central Ave, Memphis, TN 38104
      View Details
    • New
      $399,800

      Memphis Fourplex Near Union Station

      Charming, fully leased fourplex near development, great investment opportunity.
      1009 Rozelle St, Memphis, TN 38114
      View Details
    • $625,000

      Remodeled Office Space in Memphis

      Two-story commercial office space in excellent condition, convenient location.
      152 N Tucker St, Memphis, TN 38104
      View Details
    • $250,000

      Frayser Bauhaus: Live/Work Opportunity

      Unique live/work space or business location in Memphis, Tennessee.
      3590 Thomas St, Memphis, TN 38127
      View Details
    • $300,000

      Former Bank Office with Warehouse

      Spacious office and warehouse with fenced lot and ample parking.
      1189 Breedlove St, Memphis, TN 38107
      View Details
    • $460,750

      Memphis Triplex Investment Opportunity

      Triplex with three units, income potential, convenient location.
      2006 Felix Ave, Memphis, TN 38104
      View Details
    • $424,900

      Mixed-Use Condo in Memphis, TN

      Versatile condo with office, business, and residential spaces combined.
      95 S Main St, Memphis, TN 38103
      View Details
    • $795,000

      Memphis Commercial Space on Lamar

      High-traffic commercial space suitable for restaurant, retail, or entertainment.
      2802 Lamar Ave, Memphis, TN 38114
      View Details
    • $849,000

      Memphis Industrial Facility For Sale

      Industrial facility suitable for manufacturing, distribution, or warehousing.
      3325 Millbranch Rd, Memphis, TN 38116
      View Details
    • $325,000

      Mixed-Use Property in Cooper Young

      Commercial and residential space in the heart of Cooper Young.
      2282 Central Ave, Memphis, TN 38104
      View Details
    • $475,000

      Versatile Religious Facility Near New School

      Multi-building campus ideal for worship, education, and community programs.
      3171 Signal St, Memphis, TN 38127
      View Details
    • $175,000

      Memphis Commercial Property on Elvis Presley

      High-visibility commercial property on Elvis Presley Blvd in Memphis.
      2435 Blakemore Rd, Memphis, TN 38106
      View Details

    FAQs

    What type of property is this?
    Restaurant - 6,624 SF Restaurant, Fully Equipped Kitchen
    Where is this restaurant located?
    The property is located at 5465 Fox Plaza Dr Memphis, TN.
    What are key features of this property?
    This property features: Historic Memphis location, formerly Leonard's BBQ (est. 1922).; 1.13-acre lot with abundant parking and pylon signage potential.; Turnkey restaurant space with a fully equipped kitchen.
    Request Owner's contact information
    5465 Fox Plaza Dr Memphis, TN 38115
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5465 Fox Plaza Dr
    Memphis, TN 38115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5465 Fox Plaza Dr Memphis, TN 38115
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.