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Flex Space with Office Potential
For Lease
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3223 Austin Peay Hwy, Memphis, TN 38128

Lease opportunity combines workspace and storage, with landlord flexibility for office improvements.

Space Size10,415 SF
Days on Market155

Property Features for 3223 Austin Peay Hwy

General Information

Standard status Active
Size 10,415 SF
Net Rentable 10,415 SF
Property subtype Industrial, Retail

Space & Availability

Available Space 10,415 SF
Contiguous Space 10,415 SF
Space Use Flex

Building Details

Building Size 10,415 SF
Tenancy Single

Spaces For Lease

at 3223 Austin Peay Hwy Contact us

Available Space $5.76/SF/Yr

Size
10,415 SF
Type
Industrial, Retail
Availability
Active
Contact us
Listing Agency: Myers Commercial Real Estate
Listed By: Melanie Myers Bland · License #TN 288335
Source: Crexi
Added: Mar 30 Changed: Aug 31 Last Checked: Aug 31 at 1:44AM

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 Myers Commercial Real Estate

Investment Insights

Based on property information with market context.

This 10,415 SQFT flex space is available for lease with a configuration suited to combined office and storage functions. The property can accommodate office improvements, with the landlord willing to build out additional office areas and other requested features.

The space is located at 3223 Austin Peay Hwy in Memphis, next to First Horizon. Its flex and retail characteristics provide a practical setting for a contractor or another occupier needing both workspace and storage under one roof.

Key Highlights

  • 10,415 SQFT flex/retail space available for lease
  • Office and storage configuration suited to contractor operations
  • Landlord willing to build out offices and additional improvements

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic Building Supply Electrical Service

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
$0.86 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

462
Businesses Nearby
Balanced
Demand for This Use

Demographics for 38128, TN

43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value

Market

Lease Benchmarks for Memphis, TN

$11.01 /SF/Yr
Avg Asking Price
$7.5–$13.93 /SF/Yr
Price Range
21,437 SF
Avg Space Size

This space is priced 48% below the average of $11.01 /SF/Yr.

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019
6.3% 2020
4.8% 2021
4.5% 2022
7.4% 2023
8.8% 2024
8.5% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • T and T Catering LLC 4332 Stage Rd, Memphis, TN 38128
  • F.a.s. catering 4148 The Pl St, Memphis, TN 38128
  • Mr. Potato Head 4456 Riche Rd, Memphis, TN 38128

Frequently Asked Questions

What type of property is this?
Flex space - Lease opportunity combines workspace and storage, with landlord flexibility for office improvements.
Where is this flex space located?
The property is located at 3223 Austin Peay Hwy Memphis, TN.
What is the lease rate?
The lease rate is $5.76 SF/Yr.
What are key features of this property?
This property features: 10,415 SQFT flex/retail space available for lease; Office and storage configuration suited to contractor operations; Landlord willing to build out offices and additional improvements
More about this property
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