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    152 Beale St Memphis, TN 38103

    Sponsored
    For Sale
    Contact for pricing

    Historic Memphis Bar/Restaurant Space

    Property size:
    14,137 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,137 square foot, three-story retail building is located in the vibrant Beale Street Entertainment District of Memphis, Tennessee. Currently vacant, this leasehold opportunity boasts a remaining term of 8.9 years and offers significant potential for a variety of restaurant or entertainment uses. The property features multiple stages and a bar on each of its three floors, providing ample space for a dynamic and engaging establishment. A fully operational kitchen, complete with all necessary equipment, is included on the ground floor, ready for immediate use. The building benefits from the high foot traffic of Beale Street, which attracts over four million visitors annually, placing it in the heart of Memphis's premier entertainment area. Its prime location offers close proximity to iconic Memphis venues such as the FedEx Forum, The Orpheum Theatre, and AutoZone Park, ensuring high visibility and accessibility for patrons. There are no rent bumps included in the lease terms. This is a rare chance to acquire a well-equipped, established space in one of Memphis's most sought-after locations. The property is zoned for commercial use and is ready for immediate occupancy. This turnkey opportunity is perfect for an experienced operator looking to capitalize on the thriving Beale Street scene.

    Property Features for 152 Beale St

    General Information

    Property type
    Restaurants
    Square Feet
    14,137 SF

    Building Details

    Stories
    3

    HighLights

    • Excellent for restaurant or entertainment concepts.
    • Three‑story building with multiple stages and bars on each floor.
    • Ground floor includes a fully equipped, operational kitchen and all equipment.
    • Prime location near FedEx Forum, Orpheum Theatre, and AutoZone Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Club 152 Bar

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Daycare Center Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -90.0529267
    Latitude
    35.1400323

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    FAQs

    What type of property is this?
    Restaurant - Historic Memphis Bar/Restaurant Space
    Where is this restaurant located?
    The property is located at 152 Beale St Memphis, TN.
    What are key features of this property?
    This property features: Excellent for restaurant or entertainment concepts.; Three-story building with multiple stages and bars on each floor.; Ground floor includes a fully equipped, operational kitchen and all equipment.
    Request Owner's contact information
    152 Beale St Memphis, TN 38103
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    Memphis, TN 38103
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    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
    152 Beale St Memphis, TN 38103
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