You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $395,000
Turn key restaurants

120 Monroe Ave Memphis, TN 38103-2512

14,471 SF 0.13 ac lot Built 1890
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US80-0160486
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1890
Total area 14,471 SF
Lot 0.13 ac (5,489 SF)
Zoning code CBD
APN 002-058- - -00012
UPID US80-0160486
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
  • McEwen's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k
Owner & transaction history
124 Newsroom LLC · 7 yrs held
124 Newsroom LLC
since 2018
6 recorded transactions
2025
Price N/A
2024
Price N/A
2021
Price N/A
2018
$420,000
2010
Price N/A
2006
Price N/A
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C. CBD: Central Business District. D. CMCS: Commercial Mobile Communications Services. E. DBH: Diameter Breast Height. F. FAA: Federal Aviation Administration G. LEED: Leadership in Energy and Environmental Design. H. LUCB: The Memphis and Shelby County Land Use Control Board. I. MLGW: Memphis Light, Gas and Water. J. MOC: Memorandum of Conformance K. MPO: M…

Zone name Central Business District
General category CIVIC_INSTITUTIONAL
Zone area 323.60 ac
Source CHAPTER 1
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 120 Monroe Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
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