5175 Millbranch Rd Memphis, TN 38116-8560
This exceptional 2,400 square foot restaurant located at 5175 Millbranch Rd, Memphis, TN 38116, is offered at $650,000. Situated in the thriving Whitehaven neighborhood of Shelby County, this turnkey establishment boasts a wealth of recent upgrades, making it an ideal investment opportunity. The property underwent a complete renovation in 2023, including a new roof, new plumbing, new electrical systems, a new water heater, and a brand-new air conditioning unit. Furthermore, the sewer lines have been replaced, ensuring the property's long-term functionality and minimizing potential maintenance costs. All kitchen equipment is also from early 2023, providing a modern and efficient workspace for culinary operations. The asking price of $650,000 translates to $270.83 per square foot, reflecting the value of the recent renovations and the prime location within a rapidly developing area. This restaurant presents a unique chance to acquire a fully updated, move-in ready commercial property in a high-growth market. The property's excellent condition and modern amenities minimize the need for immediate capital expenditures, allowing for a swift and seamless transition into operations. This is a rare opportunity to own a well-maintained, fully equipped restaurant in a desirable Memphis location.
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Southern Hands Restaurant
PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMU-1 · Memphis, TNPRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions For the purposes of this Chapter, the following words and terms shall have the following meanings: A. Blank Wall Area - For the purposes of this chapter, blank wall area shall mean a portion of the exterior façade of the building which does not include a substantial material change (paint color is not considered a substantial change; windows or doors; or columns, pilasters or other articulation greater than 12 inches in depth. B. Shopfront Frontage - See Section 8.3.6. C. Urban Frontage - See Section 8.3.6. D. Transparent - Material through which light can travel with minimal scattering so that objects can be viewed clearly through it. E. Translucent - Material through which light passes, but in such a way that a clear image cannot be formed of the object viewed through it. F. Upper-Story Residential - See definition in Section 12.3.1. University District Overlay Sign Regulations A. Established There is established a uniform sign code of the University District which shall read as set forth in this chapter. The following design provisions apply to any property located within the University District, as defined in the map in Section 8.3.6B. B. Design Regulations - Purpose Signs are a vital component of a community's streetscape and good commercial signage can make a significant contribution to the physical appearance and to the economic prosperity of a community. The design regulations outlined herein are intended to ensure that property owners in the University District have available to them a palette of street graphics that enhances and celebrates the character of the University District. C. Definitions The following defintions shall apply to this Section. In instances where terms are not defined here, refer to the sign defintions in Section 12.3.4. ABOVE-ROOF WALL SIGN means a wall sign which is attached to the façade of the building but portions of which extend above the Roof Line. AWNING SIGN means a sign painted on or attached flat or flush against the surface of an awning, but not extending above, below or beyond the awning or attached to the underside. Awnings are typically made of cloth or a cloth substitute and are typically hung at an angle.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
