113 S Court Ave Memphis, TN 38103
For Sale
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This exceptional 6,500 square foot, three-level restaurant condo is situated at 113 S. Court Ave in Memphis, Tennessee, zip code 38103. Located within the historic Kress Building on Court Square, this second-generation restaurant boasts a prime downtown location with high foot traffic and walkability. The property features a ground floor restaurant space, a mezzanine level, and a basement complete with a fully equipped bar. The 6,650 square foot lot includes convenient front door parking. This unique layout offers a significant advantage, and the property is part of a commercial condo association with HOA fees covering only the restaurant space. The asking price is $675,000, and the occupancy date is May 15, 2024. This turnkey opportunity presents a rare chance to establish or expand a culinary business in the vibrant heart of Memphis, benefiting from the area's strong tourism and local clientele. The stunning views of Court Square further enhance the property's appeal and potential for success. This is an exceptional investment prospect in a highly desirable location.
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Bells Soul Food & Exquisite Catering Co. Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Memphis, TNMemphis. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.