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Property profile & analytics
FOR SALE
Turn key restaurants

1277 East Shelby Dr Memphis, TN 38116

3,900 SF 1.02 ac lot Built 2002
Entity Owned 22-yr Hold Absentee Owner Free & Clear
Property ID
US80-3426250
1277 East Shelby Dr, Memphis, TN 38116 For Sale
$1,200,000 3,900 SF
1277 East Shelby Dr, Memphis, TN 38116
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Property summary
AI-generated overview

This exceptional freestanding restaurant building, located at 1277 E Shelby Dr in Memphis, Tennessee, presents a compelling investment opportunity. Situated on a sizable 1.023-acre lot, the property boasts a generous 4,022 square feet of space, ideal for a variety of culinary concepts. Its prime location just east of the intersection with Elvis Presley Boulevard places it within the vibrant Whitehaven Trade Area of Memphis, ensuring high visibility and accessibility to a substantial customer base. The building's single-tenant occupancy offers streamlined management and potential for long-term lease stability. The property is classified as a restaurant in Shelby County, Tennessee, and features a convenient 38116 zip code. This location offers significant potential for growth and profitability within a well-established commercial district. The property's size and location make it an attractive option for both established restaurant operators seeking expansion and new entrepreneurs looking to establish a presence in a thriving market. Detailed property records are available upon request. This is a rare opportunity to acquire a well-positioned restaurant building in a high-traffic area of Memphis.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2002
Total area 3,900 SF
Lot 1.02 ac (44,562 SF)
Zoning code CMU-2
APN 079-061- - -00202
UPID US80-3426250
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
First Tennessee Bank NA · 22 yrs held
First Tennessee Bank NA
since 2004
2 recorded transactions
2004
$622,000
2004
$757,000
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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