Freestanding Built-Out Medical
For Lease
Contact for pricing
1231 E Raines Rd, Memphis, TN 38116
New construction offers a specialized clinical layout with exam, diagnostic, laboratory, and pharmacy areas.
Space Size8,988 SF
Days on Market754
Property Features for 1231 E Raines Rd
General Information
Standard status
Active
Size
8,988 SF
Net Rentable
8,988 SF
Total Parking Spaces
28
Property subtype
OFFICE
Space & Availability
Available Space
8,988 SF
Contiguous Space
8,988 SF
Space Use
Medical Office
Condition
Turnkey
Amenities
12 Exam Rooms
X-Ray Rooms
Lab
Pharmacy
Spaces For Lease
at 1231 E Raines Rd
1231 E Raines Rd
AVAILABLE, Now
Floor
Bldg
Size
8,988 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
- Opportunity To Acquire A Freestanding, Fully Built-out Medical Office Building!
- 8,988 SF Available
- Brand New Medical Office Construction
- 12 Exam Rooms
- Two X-Ray Rooms with lead-lined walls
- Lab
- Pharmacy
- Designed for Dental, Optical, Physical Therapy, and Family Practice
- 28 Parking Spaces plus Street Parking
Contact us
Listing Agency:
Cushman & Wakefield | Commercial Advisors - Memphis
(901) 366-6070
Listed By:
William "Matt" Weathersby
(901) 362-4317
Source:
Moodyscre
Added: Sep 25, 2024
Changed: Oct 3
Last Checked: Oct 16 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Commercial Advisors - Memphis
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Investment Insights
Based on property information with market context.
This freestanding medical office property offers 8,988 SF of brand-new construction configured for clinical operations. The interior includes 12 exam rooms, a lab, pharmacy space, and two X-ray rooms with lead-lined walls. Its existing build-out supports a range of healthcare practices, including dental, optical, physical therapy, and family practice uses.
Located at 1231 E Raines Rd in Memphis, TN, the property provides 28 parking spaces along with additional street parking. The combination of specialized rooms, support functions, and dedicated parking creates a purpose-built setting for medical office occupancy.
Located at 1231 E Raines Rd in Memphis, TN, the property provides 28 parking spaces along with additional street parking. The combination of specialized rooms, support functions, and dedicated parking creates a purpose-built setting for medical office occupancy.
Key Highlights
- 8,988 SF of brand‑new medical office construction
- 12 exam rooms included in the existing build‑out
- Two X‑ray rooms with lead‑lined walls
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38116, TN
39,107
Population
18,526
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
19.6 sq mi
ZIP Area
1,995
Density / Sq Mi
$44,663
Median Household Income
$31,593
Median Earnings
$1,035
Median Rent
$125,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Memphis, TN
$16.16 /SF/Yr
Avg Asking Price
$10.27–$25 /SF/Yr
Price Range
9,639 SF
Avg Space Size
Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Medical Office Space - New construction offers a specialized clinical layout with exam, diagnostic, laboratory, and pharmacy areas.
Where is this medical office space located?
The property is located at 1231 E Raines Rd Memphis, TN.
What are key features of this property?
This property features: 8,988 SF of brand‑new medical office construction; 12 exam rooms included in the existing build‑out; Two X‑ray rooms with lead‑lined walls
