124 E G E PATTERSON AVE
Memphis, TN, 38103 $ 1,100,000
Bedrooms-- Baths3.0 Monthly Estimate*
$ 6,863
for $1,100,000 with 3 full baths. This building was built in 1949.
Seize a rare opportunity at 124 E G E Patterson Ave, a turnkey restaurant and bar in the vibrant South Main districtâan Opportunity Zone poised for growth. This fully equipped property is ready to operate from day one, featuring a main floor with a welcoming entryway, full bar, booth seating, lighting, coolers, a full kitchen with walk-in cooler and pizza oven, two restrooms, and a fenced front patio. Upstairs offers two large dining rooms, another full bar, coolers, sinks, tables, chairs, booth seating, an office, storage, one bathroom, and an outdoor patio with balcony views. A private parking lot adds unmatched convenience. Steps from the National Civil Rights Museum, Central Station Hotel, the historic Arcade diner, Central BBQ, and the Trolley Line, this location thrives with foot traffic. Just a mile from Beale Street, the Peabody Hotel, and FedExForum, itâs surrounded by condos, apartments, and homesâperfect for a neighborhood hotspot. Own a piece of Memphisâs culinary scene.
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Commercial ActiveFood Service,Office,Office Condo,Retail
FeaturesGeneralRoof Flat Pitched Roll
Status Active Active
Legal Subdivision Name MERCHANTS C P & S CO
Stories Count 2
County Shelby
Class Commercial/Industrial
Type Commercial
Area 745A South Bluffs/Downtown
Parcel Number 002115 00009
Road Frontage City Street
Miscellaneous Fixtures Furniture Compressor(s) Display Window(s) Rest Rooms 220 Volt Power Inside Storage Outside Storage Fenced Outside Lighting
Sale/Rent For Sale
Status Detail 0
Location City Corner Free Standing
Year Built 1949
Directions Main St to GE Patterson turn East building on the North (across from the Arcade Restaruant)
City Memphis
DOM 313
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ExteriorFoundation Maintenance Area Slab Storage Area
Lot 19&21
Number of Buildings 1
Lot Size 99.37 X 74
Parking Facility 16-30 Spaces Asphalt/Blacktop Attached Enclosed
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InteriorHot Water Electric Hot Water Gas Hot Water Public Sewer Public Water
Floors Hardwood Other Flooring
Heating Central Electric Gas
Restrooms 3
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $6,863
- Monthly Property Taxes
- $1,197
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Memphis, TN
Average List Price $547,591
Percent of Sale Price 50%
About Memphis, TN 651,785 Population
-6% Since 2002
$ 38,338 Median Income
35.39 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
460623 Elementary School
460624 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2025 | $1,100,000 | -4.34% | Price Down |
| 10/5/2025 | $1,149,900 | -0.01% | Price Down |
| 9/6/2025 | $1,149,990 | 0.00% | Price Down |
| 7/14/2025 | $1,149,999 | -4.17% | Price Down |
| 5/16/2025 | $1,199,990 | 0.00% | Price Down |
| 4/18/2025 | $1,199,999 | -4.00% | Price Down |
| 2/6/2025 | $1,250,000 | | Listed Price |