Updated 5 months ago on . Most recent reply
Seeking Advice: Selling Historic Commercial Building in Downtown Memphis (Restaurant
Hello BiggerPockets Community,
I'm seeking advice on how to effectively find an investor for a commercial building I own in downtown Memphis, TN. This 15,000 sq. ft. property has been in my family since the 1930s and currently houses a restaurant tenant.
At 70, I'm looking to transition the ownership of this long-held asset. Its location is a significant draw: it's directly across from the iconic Peabody Hotel and just blocks from the FedEx Forum. This prime spot puts it in the heart of a highly desirable and active area of Memphis.
Given its history, location, and current tenancy, I believe it holds significant potential for the right investor.
My main question is: What are the most effective strategies for identifying and reaching investors specifically interested in commercial properties like this in a hot market? Any insights, recommendations on platforms (beyond general real estate sites), or direct approaches would be greatly appreciated.
Thank you in advance for your guidance.