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26799008
26799035

2090 Elvis Presley Blvd, Memphis, TN 38106 For Sale

LB
TN TN 356569
Myers Commercial Real Estate
Listed by Myers Commercial Real Estate
$375,000
319 days on market
Updated 12 days ago

2090 Elvis Presley (Virgies Liquor and Wines)

Details
APN 06-0053-0-0041
Property Type Retail, Business for Sale
Sub Type Storefront, Auto Shop (+1)
Square Footage 8,880
Net Rentable (SqFt) 6,660
Units 5
Occupancy 40%
Tenancy Multi
Lease Type Gross
Lease Term 1
Lease Expiration 01/01/2026
Rent Bumps No
Price per SqFt $42
Broker Co-Op Yes
Class C
Year Built 1955
Buildings 1
Lot Size (SqFt) 26,005
Zoning CMU-3
Parking Spaces 15 spaces
Parking per 1,000 SqFt 1.69
Investment Type Owner/User
Tenant Credit No Credit Rating
Lease Commencement 01/01/2025
Ground Lease No
Ownership Owner User
Sale Condition For sale by owner

Turnkey Liquor Store – License Transfers with Property Sale

Marketing description

Prime opportunity to acquire a mixed-use retail property featuring an established liquor store business, ideal for owner-users or value-add investors. This ±5-unit retail strip includes one fully operational liquor store (owner-occupied), one leased unit (auto repair tenant paying $1,100/month), and three vacant units offering significant lease-up potential.

The sale includes both the real estate and the liquor store business, presenting a turnkey opportunity for an owner-operator to step into a proven revenue stream. The owner is retiring and willing to train the new operator, ensuring a smooth transition and continued success.

Seller to cooperate with ABC license transfer, providing added assurance for qualified buyers. Property is well-located in a high-traffic area with excellent visibility and signage, making it ideal for retail, service, or QSR uses.

Investment highlights

🔑 Key Highlights:

  • ±5-unit retail strip with liquor store and mixed-use potential

  • 1 unit leased to auto shop ($1,100/month), 3 vacant

  • Turnkey liquor store with business, inventory, and FF&E included

  • Owner is retiring and willing to train the new operator

  • Seller to cooperate with ABC license transfer

  • High-visibility location with ample parking

  • Ideal for owner-user or value-add investor (SBA Buyer)

Listing Contacts

LB
TN TN 356569
Myers Commercial Real Estate
Listed by Myers Commercial Real Estate

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Additional Information

Name
Lyndon Baskin
License
TN 356569
Brokerage
Myers CRE
Brokerage Phone
9017615595
Title
Real Estate Commercial Analyst
Brokerage Address
773 East Brookhaven Circle
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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