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About This Home

This 0-bedroom, 0-bathroom commercial at 1324 PEABODY Ave in Memphis, TN is listed for $1,599,900. Built in 1924, on a N/A lot.

Agent 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.

Key Features

  • Built in 1924

Property Details

1924

Monthly Cost Estimate

$8,557/mo

20% down · 6.5% · 30 years

Principal$1,157
Interest$6,933
Insurance$467

Estimates only. Actual payments may vary.

Location

1324 PEABODY Ave

Memphis, TN 38104

MAISON RAJI PD AMENDED

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1324 PEABODY Ave is listed at $1,599,900. The estimated monthly payment is $6,933 based on 20% down at 6.5% interest.

Key features include: Built in 1924.

This property is listed by David Truong and can be reached at 9015033947 or 901reo@gmail.com.

DT

David Truong

Agent at eXp Realty, LLC

(901) 503-3947

Listed by eXp Realty, LLC

MLS# 10224700· Source: listhub· Updated 2 days ago

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1324 PEABODY Ave, Memphis, TN 38104

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