Listing provided courtesy of Keller WilliamsMLS# 10189534MLS Provider
  • 508 days on site
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Rare opportunity at 124 E G E Patterson Ave, a turnkey restaurant and bar in the vibrant South Main district—an 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 FedEx Forum, it's surrounded by condos, apartments, and homes—perfect for a neighborhood hotspot. Own a piece of Memphis's culinary scene.

Source: Memphis MLS, MLS#: 10189534

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  • Property Type
    Commercial Sale

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 124 E G E PATTERSON AVE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/13/2026Source: Memphis MLS Price Reduction
$985,000 -1.0%
2/25/2026Source: Memphis MLS Price Reduction
$995,000 -9.5%
10/15/2025Source: Memphis MLS Price Reduction
$1,100,000 -4.3%
10/5/2025Source: Memphis MLS Price Reduction
$1,149,900 -0.0%
9/5/2025Source: Memphis MLS Price Reduction
$1,149,990 -0.0%
7/14/2025Source: Memphis MLS Price Reduction
$1,149,999 -4.2%
5/16/2025Source: Memphis MLS Price Reduction
$1,199,990 -0.0%
4/18/2025Source: Memphis MLS Price Reduction
$1,199,999 -4.0%
2/6/2025Source: Memphis MLS Added to Database
February 06, 2025