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Property profile & analytics
FOR SALE
Turn key restaurants

124 E Ge Patterson Ave Memphis, TN 38103

4,877 SF 0.17 ac lot Built 1949
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-0076106
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1949
Construction FRAME
Total area 4,877 SF
Lot 0.17 ac (7,318 SF)
Zoning code SM
APN 002-115- - -00009
UPID US80-0076106
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
  • Parlay Restaurant and Bar Restaurant
  • V124 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k
Owner & transaction history
Jt Restaurant Group LLC · 9 yrs held
Jt Restaurant Group LLC
since 2016
7 recorded transactions
2020
Price N/A
2019
Price N/A
2016
$550,000
2012
Price N/A
2007
$380,000
2006
$320,000
2006
$300,000
Zoning & alternative use
SM · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

7.2.2 South Main (SM) District Memphis/Shelby County Unified Development Code 295 ZTA 24-2 Hotel, Bed and Breakfast Retail Sales, Outdoor D. Additional Requirements 1. Adult Entertainment shall not be permitted. 2. Any building, structure, or use is subject to the landscaping requirements of Chapter 4.6, Landscaping and Screening. 3. A drive-thru window shal…

Zone name South Main
General category SPECIAL
Zone area 154.14 ac
Source CHAPTER 1
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