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3573 SOUTHERN AVE Memphis, TN $ 500,000
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3573 SOUTHERN AVE
$ 500,000
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3573 SOUTHERN AVE

Memphis, TN, 38111
$ 500,000
Bedrooms-- Baths2.0

Monthly Estimate*

$ 3,079

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Commercial Property for sale in Memphis, TN

for $500,000 with 2 full baths. This building was built in 1930.

For sale or lease. Possible owner financing. Turnkey restaurant opportunity on bustling Southern Ave—perfect for investors or owner-operators. Zoned CMU-1 (Commercial Mixed-Use, Neighborhood), allowing full food service by right—no conditional permits needed. Currently operating as India Kitchen since 2023: 2,460 sq ft brick building (built 1930), $50k walk in freezer, equipped kitchen w/ hoods, grease trap, seating for 40+, delivery setup. High-traffic corridor near U of M, Normal Station, Buntyn—ideal for dine-in, takeout, or rebrand to cafe, fast-casual, or bar (liquor license separate). Updated HVAC/electrical; charming historic exterior. Prime visibility, walkability, parking in rear. Ready for immediate operation or fresh concept.

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Commercial Active

Price

$ 500,000

Full Bath

2

Property Type

Commercial

Taxes

$ 7,546

Style

Food Service

Year Built

1930

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10215349
Features
General
Roof Shingle/Shake
Zoning CMU-1
Status Active Active
Legal Subdivision Name HARRY MADISON
Stories Count 1
County Shelby
Class Commercial/Industrial
Type Other (See REMARKS)
Area 758A Getwell/Park
Parcel Number 046011 00005
Road Frontage City Street
Miscellaneous Fixtures Furniture License Included 220 Volt Power
Sale/Rent For Sale
Status Detail 0
Location City
Year Built 1930
Directions East on Southern Ave from Highland
City Memphis
DOM 0
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Exterior
Foundation Slab Storage Area
Lot S W PT26
Number of Buildings 1
Lot Size 50.54/50 X 216.59/229.83
Parking Facility 16-30 Spaces Asphalt/Blacktop Secured
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Interior
Hot Water Gas Hot Water
Floors Tile
Heating Central Gas
Offices 1
Restrooms 2
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* Excluded Features
List By
Keller Williams

Broker

Affordability Calculator

$3,707
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$629
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
460623 Elementary School
460624 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
2/25/2026$500,000 Listed Price

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3573 SOUTHERN AVE, Memphis, TN, 38111 is a Commercial Property for sale at $500,000. 3573 SOUTHERN AVE has 2.0 baths and was built in 1930. The property's zip code is 38111 which is in Memphis, TN

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