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Freestanding Office Building
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251 Adams Ave, Memphis, TN 38103

Standalone office space available for lease in downtown Memphis.

Property Size2,100 SF
Days on Market5

Property Features for 251 Adams Ave

General Information

Standard status Active
Size 2,100 SF
Property subtype OFFICE

Additional Details

Space Use Office
Listing Agency: NAI Saig Company - Memphis
Listed By: Paul Banks · License ##299669
Source: Moodyscre
Added: Jul 28 Changed: Jul 31 Last Checked: Jul 31 at 12:32PM

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.

Freestanding office building available for lease at 251 Adams Ave in downtown Memphis, Tennessee. The property includes 2,100 square feet of office space and is suited to users seeking a standalone commercial setting.

Its downtown Memphis location provides an urban office address within the city’s central business environment.

Key Highlights

  • Freestanding office building
  • 2,100 square feet of office space
  • Located in downtown Memphis

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

$17.95 /SF/Yr
Avg Asking Price
$0.7–$26 /SF/Yr
Price Range
30,262 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 - Standalone office space available for lease in downtown Memphis.
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; 2,100 square feet of office space; Located in downtown Memphis
(901) 240-5400 Call to check price and availability
More about this property
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