1636 Winchester Rd Memphis, TN 38116-3518
Property summary
This thriving Memphis restaurant presents a rare investment opportunity. Located at 1636 Winchester Rd, in Shelby County, Tennessee, zip code 38116, this 1,760 square foot free-standing building offers a turnkey operation. The property, built in 1970, boasts a successful history, having operated as a beloved local Italian restaurant since 1977. The asking price is $230,000, translating to $130.68 per square foot. The restaurant benefits from ample parking, a significant advantage in a high-traffic area. Recent improvements include a roof replacement in 2022 and a relatively new HVAC system, minimizing immediate capital expenditure needs. Its convenient location, with a McDonald's nearby, ensures high visibility and consistent customer flow. This is a chance to acquire a well-established business with a proven track record, ready for immediate income generation. The property is currently tenant-occupied; showings are by appointment only. Don't miss this chance to own a piece of Memphis' culinary scene.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Value estimations
Owner & transaction history
Zoning & alternative use
1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
EMP · Memphis, TN1. In the CA, CMU, EMP, WD, IH districts, outdoor runs are permitted. 2. In all other districts, outdoor runs are not permitted. All overnight care of animals must occur indoors. All pens, kennels and runs must be locate…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for EMP in Memphis, TN.
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Find the owner behind the property.
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