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Property profile & analytics
OFF-MARKET Estimated value $5,170,000
Hotels

164 Un Ave Memphis, TN 38103-2739

115,087 SF 0.49 ac lot Built 2020
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US80-1535304
Property summary
AI-generated overview

Prime restaurant opportunity in a vibrant Downtown Memphis location. This 5,636 square foot space, situated within the 174-room Canopy Hotel by Hilton, offers multiple tenancy options ranging from 1,114 to 4,522 contiguous square feet. The space boasts exceptional street corner visibility and includes a 1,114 square foot covered outdoor patio. Operators must serve breakfast, lunch, and dinner. Benefit from the high foot traffic generated by its adjacency to AutoZone Park, home to the Memphis Redbirds (223,751 attendees in 2023) and Memphis 901 FC. The property enjoys excellent proximity to the First Horizon Headquarters and numerous other downtown office buildings, ensuring a strong daytime customer base. Furthermore, its location just one block from the proposed $1 billion Walk Development at Union Avenue and 4th Street positions it for future growth. A short, approximately four-minute walk to the FedEx Forum and the Beale Street Entertainment District (over 6 million annual visitors) provides access to significant evening and weekend traffic. This exceptional opportunity combines high visibility, convenient location, and substantial space to create a thriving restaurant business. Shelby County location.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2020
Total area 115,087 SF
Lot 0.49 ac (21,257 SF)
Zoning code SE
APN 002-054- - -00003-C
UPID US80-1535304
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
  • Canopy by Hilton Memphis Downtown Beale Street Hotel & Motel
  • Another Sip Cafe Cafe & Coffee Shop
  • Curfew 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
$5.17M
Owner & transaction history
Memphis Ctr City Revenue Fin C · 7 yrs held
Memphis Ctr City Revenue Fin C
since 2018
7 recorded transactions
2018
Price N/A
2018
Price N/A
2018
Price N/A
2012
$3.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SE · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $8.5M +7.8%
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