Medical Office
For Sale
$150,000
3124 THOMAS St, Memphis, TN 38127
Commercial/Industrial, Memphis, TN
Property SizeContact for details
Days on Market76
Property Features for 3124 THOMAS St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
MARSH
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
793
Building Details
Year built
1965
Listing Agency:
Torrance Real Estate
(901) 210-6831
Listed By:
Georgia Torrance
(901) 210-6831
Added: Jun 16
Changed: Aug 27
Last Checked: Aug 30 at 2:06PM
MLS# 10224120
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.
Investment Insights
Based on property information with market context.
This medical office property contains more than 4,000 square feet and previously operated as a doctors office. Built in 1965, the building is being offered in its current as-is condition.
The property is located at 3124 Thomas St in Memphis, Tennessee, within ZIP code 38127. A roof replacement is needed, and additional repairs are required, providing a clear basis for evaluating the building’s condition and next steps.
The property is located at 3124 Thomas St in Memphis, Tennessee, within ZIP code 38127. A roof replacement is needed, and additional repairs are required, providing a clear basis for evaluating the building’s condition and next steps.
Key Highlights
- More than 4,000 square feet of medical office space
- Previously operated as a doctors office
- Built in 1965
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38127, TN
40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
Median Home Value
Market
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - More than 4,000 square feet with prior physician-office use and renovation needs.
Where is this medical office space located?
The property is located at 3124 THOMAS St Memphis, TN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: More than 4,000 square feet of medical office space; Previously operated as a doctors office; Built in 1965
