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Renovated Multi-Tenant Office Building
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3385 Airways Blvd, Memphis, TN 38116

Three floors and adaptable floor plates support a range of professional office configurations.

Property Size72,000 SF
Lot Size4.34 Acres
Days on Market2

Property Features for 3385 Airways Blvd

General Information

Standard status Active
Size 72,000 SF
Net Rentable 72,000 SF
Elevators Yes
Lot size 4.34 Acres
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Sprinkler System Yes

Building Details

Year Built 1967
Year Renovated 2023
Buildings 1
Stories 3
Building Size 72,000 SF
Construction masonry
Tenancy Multi
Listing Agency: Memphis
Listed By: Andrew Phillips · License #283569
Source: Colliers
Added: Oct 12 Changed: Oct 13 Last Checked: Oct 13 at 2:10AM

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 Memphis

Investment Insights

Based on property information with market context.

Airways Professional Center is a three-story, multi-tenant office property with approximately 72,000 square feet of rentable area on 4.34 acres. Built in 1967 and renovated in October 2023, the masonry building has typical floor plates of approximately 23,872 square feet, three passenger elevators, a sprinklered life-safety system, and slab-to-slab heights of approximately 10 feet. The property’s floor layouts can accommodate varying office configurations, including professional-service occupancies.

At 3385 Airways Boulevard in Memphis, the property is near Interstate 240, with access to East Memphis, Downtown Memphis, Memphis International Airport, and surrounding communities. Nearby context includes residential neighborhoods, commercial corridors, healthcare facilities, and employment centers.

Key Highlights

  • Approximately 72,000 square feet of rentable office area on 4.34 acres
  • Three‑story, multi‑tenant building with typical floor plates of approximately 23,872 square feet
  • Renovated in October 2023; originally constructed in 1967

Property Analytics

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Current Use

Jesse H Turner ... Accounting Firm Synergy Outpatient Pro ... Social Service Agency Comprehensive Screening & Wellness, ... Medical Clinic Brittenum Law Law Firm Moss Barber Shop Barber Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Pharmacy Furniture & Home Goods Gym & Fitness Center

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

Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

420
Businesses Nearby

Demographics for 38116, TN

39,107
Population
18,526
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
19.6 sq mi
ZIP Area
1,995
Density / Sq Mi
$44,663
Median Household Income
$31,593
Median Earnings
$1,035
Median Rent
$125,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Office building - Three floors and adaptable floor plates support a range of professional office configurations.
Where is this office building located?
The property is located at 3385 Airways Blvd Memphis, TN.
What are key features of this property?
This property features: Approximately 72,000 square feet of rentable office area on 4.34 acres; Three‑story, multi‑tenant building with typical floor plates of approximately 23,872 square feet; Renovated in October 2023; originally constructed in 1967
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