Skip To Content

1324 Peabody Ave

Memphis, TN 38104
  • $1,599,900
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 10224700
UPDATED: 25 min ago
$1,599,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1924
County:

School Ratings & Info

Description

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.

Monthly Payment Calculator



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-07-15T21:03:19.85.
www.redsearealtyco.com/homes/178116621
Print Image

1324 Peabody Ave Memphis, TN 38104

  • Price: $1,599,900
  • Status: Active
  • On Site: 19 Days
  • Updated: 25 min ago
  • MLS #: 10224700
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1924
Built
Neighborhood:
Maison Raji Pd Amended
County:
Shelby
Area:
Central Gardens
Property Description
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.
Exterior Features

Buildings 2 Location Free Standing Lot Size 60 X 150 Parking Facility Concrete Road Frontage City Street Roof Composition Shingles Truck Loading Door Height Less Than 6 Ft

Interior Features

Average Ceiling Height Less Than 8 Ft Cooling System Central Cooling Floors Hardwood Foundation Finished Basement Heating System Central Hot Water Gas Hot Water

Property Features

Annual City Tax 4748 Annual County Tax 4949 Commercial Type Commercial Existing Financing Conventional Fixed Information Available Information Limited Legal Subdivision Name MAISON RAJI PD AMENDED Lot Number 2 New Financing Conventional Possession Lease Possession at Closing Sale Includes Building and Land Tenant Pays All Utilities Type Usage Food Service

Listing information © 2026 Memphis Area Association of REALTORS®.
Listing provided courtesy of eXp Realty, LLC: 888-519-5113.



© 2026 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Red Sea Realty Co LLC. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2026-07-15T21:03:19.85.
 
https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10224700-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10224700-2.jpg https://bt-photos.global.ssl.fastly.net/memphis/1280_boomver_1_10224700-2.jpg
Logo
Red Sea Realty Co LLC
6812 Crumpler Blvd, Suite 104
Olive Branch MS, 38654