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East Memphis Office and Retail
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5118 Park Avenue, Memphis, TN 38117

Six-story office building in established East Memphis retail center.

Property Size65,396 SF
Days on Market240

Property Features for 5118 Park Avenue

General Information

Standard status Active
Size 65,396 SF
Class B
Property subtype Office

Site & Location

Neighborhood Colonial

Building Details

Building Size 65,396 SF

Properties For Sale

at 5118 Park Avenue
Available
Size 158 SF
Term Negotiable
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Listing Agency: Jones Aur Commercial Real Estate
Listed By: Wriley Gillen · License #368080
Source: Jonesaur
Added: Mar 5 Changed: Oct 25 Last Checked: Oct 30 at 11:37AM

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 Jones Aur Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

The Offices at Eastgate offer office space within a retail power center in East Memphis. This six-story building provides a setting suitable for various office users. On-site retail and dining options offer convenience, creating an environment rich with amenities. The property features flexible floor plans to accommodate a variety of office or retail uses. Building upgrades are planned for 2026. There is abundant on-site parking for tenants and visitors. The location in the Poplar Corridor provides visibility and accessibility. Area retailers include The Fresh Market, Whole Foods, Kroger, Torchy's Tacos, Crumbl Cookies, Rotolo's, Nothing Bundt Cakes, Hog & Hominy, T.J. Maxx, Michaels, Burlington, Ross, Walgreens, and Chick-fil-A.

Key Highlights

  • Prime Poplar Corridor location with strong visibility and accessibility.
  • Located within a well‑established retail power center in East Memphis.
  • Abundant on‑site parking for tenants and visitors.

Property Analytics

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Current Use

Memorial Gardens Insurance ... Insurance Agency TRANSAMERICA TIRE CO.,LTD Advertising Agency Van Duren Leigh ... Physician Memphis Counseling Center ... Family Counselor Smith-Berclair Insurance Insurance Agency

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Storage Facility 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.

Location Intelligence

Trade Area within ½ mile

2,265
Businesses Nearby

Demographics for 38117, TN

27,138
Population
12,045
Households
2.3
Avg Household Size
40
Median Age
60%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
2,887
Density / Sq Mi
$93,688
Median Household Income
$52,596
Median Earnings
$1,353
Median Rent
$287,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - Six-story office building in established East Memphis retail center.
Where is this office building located?
The property is located at 5118 Park Avenue Memphis, TN.
What are key features of this property?
This property features: Prime Poplar Corridor location with strong visibility and accessibility.; Located within a well‑established retail power center in East Memphis.; Abundant on‑site parking for tenants and visitors.
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