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Germantown Parkway Outparcel Opportunity
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1645 North Germantown Parkway, Memphis, TN 38016

3,270 SF outparcel ideal for medical or retail use.

Property Size6,666 SF
Days on Market171

Property Features for 1645 North Germantown Parkway

General Information

Standard status Active
Size 6,666 SF
Class A
Property subtype Office

Building Details

Building Size 6,666 SF
Listing Agency: Jones Aur Commercial Real Estate | Memphis
Listed By: Dustin Jones · License #TN #332179
Source: Jonesaur
Added: Mar 5 Changed: Aug 15 Last Checked: Aug 23 at 2:44AM

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 Jones Aur Commercial Real Estate | Memphis

Investment Insights

Based on property information with market context.

A 3,270 square foot outparcel is available on North Germantown Parkway, suitable for medical or retail tenants seeking a high-traffic location with access to nearby amenities. The property is situated directly in front of The Commons at Dexter Lakes, a 228,796 square foot shopping center that includes over 1,000 parking spaces. The location offers high exposure, facing North Germantown Parkway, a busy road in Memphis. The surrounding area includes national retailers, restaurants, specialty stores, and boutiques. Traffic counts show 37,411 AADT on North Germantown Parkway and 18,893 AADT on Dexter Road.

Key Highlights

  • High‑traffic location on N Germantown Parkway (37,411 AADT).
  • Located directly in front of The Commons at Dexter Lakes, a 228,796 SF shopping center with over 1,000 parking spaces.
  • 3,270 SF Outparcel Availability.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

651
Businesses Nearby
Under-served
Demand for This Use

Demographics for 38016, TN

48,322
Population
20,218
Households
2.4
Avg Household Size
37
Median Age
41%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
2,670
Density / Sq Mi
$75,719
Median Household Income
$44,713
Median Earnings
$1,407
Median Rent
$261,700
Median Home Value

Market

Vacancy Rate% for Office in Memphis, TN

14.6% 2019
15% 2020
16.8% 2021
16.2% 2022
17.3% 2023
16.7% 2024
17.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - 3,270 SF outparcel ideal for medical or retail use.
Where is this medical office space located?
The property is located at 1645 North Germantown Parkway Memphis, TN.
What are key features of this property?
This property features: High‑traffic location on N Germantown Parkway (37,411 AADT).; Located directly in front of The Commons at Dexter Lakes, a 228,796 SF shopping center with over 1,000 parking spaces.; 3,270 SF Outparcel Availability.
More about this property
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