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Property profile & analytics
OFF-MARKET Estimated value $7,000,000
Turn key restaurants

3 Main St Memphis, TN 38103-2501

11,373 SF 0.03 ac lot Built 1940
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US80-3014386
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Total area 11,373 SF
Lot 0.03 ac (1,437 SF)
Zoning code CBD
APN 002-038- -B-00002
UPID US80-3014386
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
  • Hu. Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.00M
Owner & transaction history
Tch 79 Madison Gp · 1 yrs held
Tch 79 Madison Gp
since 2024
Last sale
$7.0M
2 recorded transactions
2024
$7.0M
2007
Price N/A
Zoning & alternative use
CBD · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C. CBD: Central Business District. D. CMCS: Commercial Mobile Communications Services. E. DBH: Diameter Breast Height. F. FAA: Federal Aviation Administration G. LEED: Leadership in Energy and Environmental Design. H. LUCB: The Memphis and Shelby County Land Use Control Board. I. MLGW: Memphis Light, Gas and Water. J. MOC: Memorandum of Conformance K. MPO: M…

Zone name Central Business District
General category CIVIC_INSTITUTIONAL
Zone area 323.60 ac
Source CHAPTER 1
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