# 1324 PEABODY Ave, Memphis, TN 38104

> **TL;DR:** commercial, $1,599,900, built 1924. Est. $6,933/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,599,900 |
| Year Built | 1924 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,933 |
| **Total** | **$6,933** |

## Property Highlights

- Built in 1924

## Description

### 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.

## Location

- **Address:** 1324 PEABODY Ave, Memphis, TN 38104
- **County:** Shelby
- **Neighborhood:** MAISON RAJI PD AMENDED
- **Coordinates:** 35.132884, -90.017443
- **Google Maps:** https://www.google.com/maps?q=35.132884,-90.017443

## Listing Agent

- **Name:** David Truong
- **Brokerage:** eXp Realty, LLC
- **Phone:** 9015033947
- **Email:** 901reo@gmail.com

## Primary Photo

![1324 PEABODY Ave - Primary Photo](http://lh.rdcpix.com/b70f23bc12277ba7bf32511ddad5491al-f1755078171r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/1324-peabody-ave-memphis-tn-38104-10224700)*

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**MLS#:** 10224700 | **Updated:** 2026-06-26
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1324-peabody-ave-memphis-tn-38104-10224700)

---

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