1277 East Shelby Dr Memphis, TN 38116
For Sale
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.
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
CMU-2 · 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.