1324 PEABODY AVE Memphis, TN $ 1,599,900
1324 PEABODY AVE
$ 1,599,900
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1324 PEABODY AVE

Memphis, TN, 38104
$ 1,599,900
Bedrooms-- Baths--

Monthly Estimate*

$ 10,102

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Commercial Property for sale in Memphis, TN

for $1,599,900. This building was built in 1924.

Exceptional Midtown Memphis commercial opportunity! Sale includes four parcels at 1302-1304 Peabody Ave and 1324-1330 Peabody Ave, featuring a restaurant building, Pearl's Tea & Coffee House, and two dedicated parking lots. Prime high-visibility location in the heart of Midtown near Central Gardens, Overton Square, Downtown Memphis, and the Medical District. Excellent frontage, strong traffic exposure, ample parking, and easy access. Ideal for investors, owner-users, or redevelopment. Property offers income-producing potential, excellent visibility, established customer traffic, and future growth opportunities in one of Memphis' most sought-after commercial districts. Rare chance to acquire a multi-parcel assemblage in a thriving area surrounded by restaurants, retail, offices, and residential neighborhoods. High-demand location with convenient access to major thoroughfares and minutes from Downtown Memphis. Contact your agent or David for additional details and showing instructions.

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Commercial Active

Price

$ 1,599,900

Property Type

Commercial

Taxes

$ 9,697

Style

Food Service

Year Built

1924

Town/City

Memphis

County/Region

Shelby

MLS | Web ID

10224700

Features
General
Roof Composition Shingles
Status Active Active
Legal Subdivision Name MAISON RAJI PD AMENDED
Stories Count 2
County Shelby
Class Commercial/Industrial
Type Commercial
Area 746F Central Gardens
Parcel Number 016005 00005
Road Frontage City Street
Sale/Rent For Sale
Status Detail 0
Location Free Standing
Year Built 1924
Directions Peabody Ave west of Cleveland St. Property located on Peabody Ave in Historic Annesdale Park Midtown Memphis. Easy access from Union Ave and I-240.
City Memphis
DOM 2
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Exterior
Foundation Finished Basement
Lot 2
Number of Buildings 2
Lot Size 60 X 150
Parking Facility Concrete
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Interior
Hot Water Gas Hot Water
Floors Hardwood
Heating Central
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* Excluded Features
List By
Exp Realty, Llc

Broker

Affordability Calculator

$10,910
Per Month
93%
7%
0%
Monthly Principal & Interest
$10,102
Monthly Property Taxes
$808
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
6/25/2026$1,599,900 Listed Price

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1324 PEABODY AVE, Memphis, TN, 38104 is a Commercial Property for sale at $1,599,900. 1324 PEABODY AVE was built in 1924. The property's zip code is 38104 which is in Memphis, TN