Individually Owned Property summary
A 6,032 sq ft commercial property configured for nightlife and entertainment use, historically operating as a night club. The interior layout includes a stand-up bar, two DJ booths (located at the front and rear of the space), and multiple seating areas with eight VIP booth seats. The property is equipped with commercial kitchen and food-service appliances, including a vent hood, two upright commercial refrigerators, and two upright commercial freezers. It has central air conditioning and includes light fixtures. The building provides three bathrooms for customers and/or staff and includes three office spaces that can support administration and event planning. The property is situated along a busy corridor with vehicle traffic.
Property profile
VerifiedCap rate & NOI
Current use
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Department Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CMU-3 · Memphis, TN3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMU-3 in Memphis, TN.
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