Seven-Suite Medical Office
For Sale
$1,900,000
Pending
318 S Rhodes Street, West Memphis, AR 72301
COMMERCIAL - Other AR, AR
Property Size19,663 SF
Days on Market300
Property Features for 318 S Rhodes Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
On Street, Parking Lot
Lot features
Business Park, City Lot
Directions
Traveling east on Hwy 70/Broadway: turn south on South Rhodes Street, turn east on West Harrison Avenue, and the property is on the north side of Harrison Avenue.
Standard status
Pending
APN
392054500300
Size
19,663 SF
Taxes and HOA fees
Tax Description
See Deed
Tax Annual Amount
15396
Legal Description
See Deed
Building Details
Year built
2005
Number of units
7
Building materials
Brick
Listing Agency:
Delta Properties
(479) 317-1372
Listed By:
Ashley Habiger · License #PB00093413
(479) 317-1372
Added: Oct 30, 2025
Changed: Aug 19
Last Checked: Aug 25 at 5:06PM
MLS# 1327058
Copyright © 2026 ArkansasONE MLS. 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 portfolio comprises five brick buildings containing seven suites and 19,663 square feet. Built in 2005, the properties are currently 100% occupied and include both parking-lot and on-street parking. The package covers 302 S Rhodes, 304 S Rhodes, 308 S Rhodes, 318 S Rhodes, and 316 W Tyler.
Two leases provide rent escalations, while several lease terms present the possibility of adjusting rental rates and owner responsibility for operating expenses at renewal. The properties are in West Memphis, within the Memphis, TN MSA, approximately eight miles from downtown Memphis. Recent owner and tenant improvements have supported continued operations across the portfolio.
Two leases provide rent escalations, while several lease terms present the possibility of adjusting rental rates and owner responsibility for operating expenses at renewal. The properties are in West Memphis, within the Memphis, TN MSA, approximately eight miles from downtown Memphis. Recent owner and tenant improvements have supported continued operations across the portfolio.
Key Highlights
- Five‑building medical office portfolio with seven suites
- 19,663 square feet across the portfolio
- 100% occupied by established tenants
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72301, AR
24,479
Population
11,298
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
84%
High-School Grad
29.5 sq mi
ZIP Area
830
Density / Sq Mi
$41,932
Median Household Income
$30,410
Median Earnings
$848
Median Rent
$119,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Five brick buildings provide a fully occupied multi-suite healthcare configuration with on-site and street parking.
Where is this medical office space located?
The property is located at 318 S Rhodes Street West Memphis, AR.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Five‑building medical office portfolio with seven suites; 19,663 square feet across the portfolio; 100% occupied by established tenants
