Memphis · Commercial sale
Restaurant at 2850 Appling Rd in Memphis sells for $2 million
A restaurant at 2850 Appling Rd, Memphis sold for $2,000,000 on September 14, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $2,000,000
- Sold
- September 14, 2026
- Property type
- Restaurant
- Lot size
- 72,310 sq ft
The restaurant sold for $2,000,000, 87% above its recorded market value. The Shelby County Assessor of Property's sales records list the sale on September 14, 2026, at 2850 Appling Rd in Memphis.
The Assessor's records list Jerry S & Diane D Coletta as the buyer. The records show a 1.66-acre lot and a market value of $1,067,000.
The last sale on record before this one was $470,678 in 1999, according to the Assessor's records. The new price was 4.2 times that amount.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Shelby County?
By our estimate, the seller's two largest charges, not counting prorations, were $350 for the settlement / closing fee and $45 for the wire / courier / payoff processing. Who pays what follows Shelby County custom.
How much did the seller net?
By our estimate, the seller netted about $1,991,156. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $2,004,263 at closing. That covers the full price and closing costs.
Source: Shelby County Assessor of Property, qualified sales (Shelby County ReGIS), document 26082051. Property details: Shelby County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
