Virgie's Liquor & Wine

2090 Elvis Presley Boulevard, Memphis, TN 38106

Property Information

  • For Sale $375,000
  • Property Type Retail - Freestanding
  • Property Size 25,962 SF
  • Units 5
  • Lot Size 0.6 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1955
  • Date Updated Apr 29, 2026

Description

The area surrounding the property on Elvis Presley Boulevard offers a prime opportunity for Retail / Street Retail investors to pickup where this family owned business has thrived for 28 years.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.

Highlights

  • ±5-unit retail strip with liquor store and mixed-use potential
  • 1 unit leased to auto shop ($1,100/month), 3 vacant
  • High-visibility location with ample parking
  • Ideal for owner-user or value-add investor (SBA Buyer)
  • Owner is retiring and willing to train the new operator
  • Seller to cooperate with ABC license transfer
  • Turnkey liquor store with business, inventory, and FF&E included

Contacts

Lyndon Baskin

Myers Commercial Real Estate

Location

Located at 2090 Elvis Presley Boulevard, Memphis, TN 38106, this property is part of the Alcy - Dunn neighborhood and Memphis market.

Contact Listing Broker
Lyndon Baskin

Myers Commercial Real Estate

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