3 Locations

1324 Peabody Ave presents a rare chance to acquire a high-visibility Midtown Memphis commercial assemblage in one of the city’s most sought-after corridors. Located at 1324 Peabody Ave, Memphis, TN 38104, this offering includes four parcels spanning 1302–1304 and 1324–1330 Peabody Ave, featuring a freestanding restaurant building, Pearl’s Tea & Coffee House, and two dedicated parking lots. Positioned in Historic Annesdale Park with quick access to Union Ave, I-240, Downtown Memphis, the Medical District, Central Gardens, and Overton Square, the property benefits from strong traffic exposure, excellent frontage, and convenient accessibility. Surrounded by a dynamic mix of restaurants, retail, offices, and established residential neighborhoods, this location offers outstanding visibility and long-term upside. Built in 1924, the brick construction and hardwood floors add character, while the flexible commercial setup creates appeal for investors, owner-users, or redevelopment groups. With building and land included, ample parking, and income-producing potential, this is a standout opportunity to secure a strategic foothold in thriving Midtown Memphis.