Hospital-Adjacent Medical Office
For Lease
$750/Mo
3950 New Covington Pike, Memphis, TN 38128
Medical offices on a hospital campus with abundant parking and direct access to hospital-based services.
Space SizeContact for details
Property Size12,800 SF
Days on Market48
Property Features for 3950 New Covington Pike
General Information
Standard status
Active
Size
12,800 SF
Property subtype
Healthcare
Listing Agency:
Memphis - Asset Services
(901) 312-5787
Listed By:
Ron Riley · License #274677
(901) 312-5787
Source:
Colliers
Added: Jun 19
Changed: Jul 10
Last Checked: Aug 5 at 3:57AM
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 - Asset Services
Investment Insights
Based on property information with market context.
3950 New Covington Pike is a medical office building located on the campus of Methodist North Hospital. Designed for healthcare use, the property provides direct access to hospital-based services and is supported by an established network of physicians and specialists. The building also features abundant parking to support patient and staff access, along with professional, healthcare-focused tenancy.
The property is positioned in the heart of the Raleigh medical corridor in Memphis, Tennessee, with excellent regional connectivity. Its hospital-campus setting is intended to support continuity of care and convenient transfers between outpatient services and the hospital environment.
For physician groups, specialty practices, and other healthcare providers looking for an office presence closely tied to hospital resources, this building offers a practical operating base. The combination of direct hospital-based access, established physician ecosystem, abundant parking, and strong regional connectivity supports day-to-day patient flow and office operations within the greater Memphis community.
The property is positioned in the heart of the Raleigh medical corridor in Memphis, Tennessee, with excellent regional connectivity. Its hospital-campus setting is intended to support continuity of care and convenient transfers between outpatient services and the hospital environment.
For physician groups, specialty practices, and other healthcare providers looking for an office presence closely tied to hospital resources, this building offers a practical operating base. The combination of direct hospital-based access, established physician ecosystem, abundant parking, and strong regional connectivity supports day-to-day patient flow and office operations within the greater Memphis community.
Key Highlights
- Medical office building located on the campus of Methodist North Hospital
- Direct access to hospital‑based services for tenants
- Abundant on‑site parking
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.11 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical offices on a hospital campus with abundant parking and direct access to hospital-based services.
Where is this medical office space located?
The property is located at 3950 New Covington Pike Memphis, TN.
What is the lease rate?
The lease rate is $750/Mo.
What are key features of this property?
This property features: Medical office building located on the campus of Methodist North Hospital; Direct access to hospital‑based services for tenants; Abundant on‑site parking
