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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2097 Madison Ave Memphis, TN 38104

Built 1910
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 2097 Madison Ave in Memphis, Tennessee, presents a unique investment opportunity. The 1-story, 1910-built building offers approximately 1,100 square feet of flexible space, ideal for a variety of retail or industrial uses. Boasting a prime Overton Square location, this property benefits from high foot traffic and proximity to popular attractions including movie theaters, art galleries, and bars. The building features a ceiling height ranging from 11 to 12.9 feet, providing ample vertical space. This turnkey business has operated successfully for 30 years, cultivating a loyal customer base. While the current owner is not under pressure to sell, they are open to exploring offers for this established enterprise. The asking price is $175,000. The property is situated in Shelby County, zip code 38104, and offers a rare chance to acquire a well-established business in a vibrant Memphis neighborhood. The building's unique corner location further enhances its visibility and appeal. This is an excellent opportunity for an entrepreneur seeking a ready-made business with significant growth potential. The property is zoned for commercial use.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1910
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Golden India Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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