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Freestanding Office Building for Lease
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251 Adams Ave, Memphis, TN 38103

Freestanding downtown office building offering a dedicated property setup for business use.

Space SizeContact for details
Days on Market57

Property Features for 251 Adams Ave

General Information

Standard status Active
Property subtype Office

Building Details

Year Built 1970
Listing Agency: NAI Saig Company - Memphis
Listed By: Paul Banks · License #TN #344897
Source: Naiglobal
Added: Jun 11 Changed: Jul 10 Last Checked: Aug 6 at 4:43AM

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 NAI Saig Company - Memphis

Investment Insights

Based on property information with market context.

This freestanding office building is offered for lease and is suited for organizations seeking their own standalone office environment. The property is positioned as a complete office facility rather than an in-suite arrangement, supporting direct occupancy and straightforward branding of the space.

Located at 251 Adams Ave in downtown Memphis, the building benefits from a central business setting. The listing identifies the property as being downtown, which may support day-to-day accessibility for staff and visitors.

For tenants looking for a dedicated office building in a downtown Memphis location, this offering provides a straightforward leasing option within the “office building” category. Its freestanding nature can be appealing for companies that prefer to operate from a single, dedicated structure rather than shared common-area configurations.

Key Highlights

  • Freestanding office building available for lease
  • Built in 1970

Property Analytics

Current Use

Cooper Drewry Whitsitt ... Law Firm Cooper Philip J Law Firm

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Veterinary Clinic Hair Salon Pet Grooming Service Carpet & Flooring 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,826
Businesses Nearby

Demographics for 38103, TN

14,739
Population
8,811
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
5,459
Density / Sq Mi
$75,763
Median Household Income
$60,918
Median Earnings
$1,575
Median Rent
$380,900
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$16.98 /SF/Yr
Avg Asking Price
$0.7–$24 /SF/Yr
Price Range
26,191 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding downtown office building offering a dedicated property setup for business use.
Where is this office building located?
The property is located at 251 Adams Ave Memphis, TN.
What are key features of this property?
This property features: Freestanding office building available for lease; Built in 1970
More about this property
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