Property profile

337 S 4Th St Memphis, TN 38126

FOR SALE
Bars & Pubs
Property ID
US80-1114618
9,498 SF 0.13 ac lot Built 1920
Individually Owned 5-yr Hold Free & Clear
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337 S 4Th St, Memphis, TN 38126 For Sale
Contact for pricing 9,498 SF
337 S 4Th St, Memphis, TN 38126
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Property summary

AI-generated overview

This exceptional 0.26-acre lot presents a unique investment opportunity in the heart of downtown Memphis, Tennessee. Situated within a federally designated Opportunity Zone, this property offers significant tax advantages for developers seeking to capitalize on its prime location and revitalization potential. The site's proximity to Beale Street, the FedEx Forum, and the National Civil Rights Museum provides unparalleled access to Memphis' vibrant cultural scene and tourist attractions. Its central location offers easy access to a variety of amenities, including restaurants, shops, and recreational spaces like Tom Lee Park. This versatile lot is well-suited for a range of development projects, including residential, commercial, or mixed-use constructions, catering to the growing demand for housing and commercial spaces in this rapidly developing area. The property's location within a thriving neighborhood undergoing significant economic growth makes it an attractive prospect for investors seeking both short-term and long-term returns. The potential for rental income or redevelopment further enhances its appeal. This is a rare chance to contribute to the ongoing transformation of downtown Memphis while benefiting from substantial tax incentives. The property's APN is 005027 00010, and it is located at 337 S 4th St, Memphis, TN 38126. The property is being sold by owner.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1920
Total area 9,498 SF
Lot 0.13 ac (5,445 SF)
Zoning code SDR
APN 005-027- - -00010
UPID US80-1114618

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

337 S 4Th St Memphis, TN 38126
Memphis metro Census 11402 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2021
Last sale
$215,000
3 recorded transactions
2021
Price N/A
2018
$215,000
2017
$22,000

Zoning & alternative use

SDR · Memphis, TN
Zoning description

The purpose of this district is to encourage new residential neighborhood development in the South Downtown Area.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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