Downtown Memphis Restaurant
For Sale
Contact for pricing
113 S Ct Ave, Memphis, TN 38103
Second-generation restaurant space in the iconic Kress Building.
Property Size6,650 SF
Price / SF$82.71
Days on Market839
Property Features for 113 S Ct Ave
General Information
Standard status
Active
Size
6,650 SF
Property subtype
Retail
Listing Agency:
Myers Commercial Real Estate
Listed By:
Melanie Myers Bland · License #TN 288335
Source:
Crexi
Added: May 15, 2024
Changed: Aug 31
Last Checked: Aug 29 at 12:14AM
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 Myers Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 113 S Court Ave in Memphis, TN, this 6,650 SF restaurant is situated in the Kress Building on Court Square. The property features a three-level layout, including a ground floor restaurant, a mezzanine, and a basement equipped with a full bar setup. The restaurant is part of a commercial building condo, with HOA fees applicable solely to the restaurant. Front door parking is available, and the property offers a view of Court Square. This property is located in a walkable downtown location.
Key Highlights
- Prime downtown Memphis location in the Kress Building on Court Square.
- Second‑generation restaurant space, ready for immediate operation.**
- Spacious 6,650 SF± three‑level layout including ground floor restaurant, mezzanine, and basement with full bar.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,789
Businesses Nearby
129k
Monthly Visits Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Second-generation restaurant space in the iconic Kress Building.
Where is this conventional restaurant located?
The property is located at 113 S Ct Ave Memphis, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime downtown Memphis location in the Kress Building on Court Square.; Second‑generation restaurant space, ready for immediate operation.**; Spacious 6,650 SF± three‑level layout including ground floor restaurant, mezzanine, and basement with full bar.
