Four-Story Office
5860 Ridgeway Center Parkway, Memphis, TN 38120
For Sale
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Fully leased office asset with recent building and parking-lot improvements in Memphis’s East submarket.
Property Size53,907 SF
Lot Size3.27 Acres
Days on Market57
Property Features for 5860 Ridgeway Center Parkway
General Information
Standard status
Size
Class
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Building Details
Year Renovated
Buildings
Stories
Parking Ratio
Listing Agency:
Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
Listed By:
Landon Williams, SIOR, CCIM · License TN SA00074846
Source:
Crexi
Added: Sep 14
Changed: Oct 30
Last Checked: Nov 8 at 8:44AM
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 Cushman & Wakefield | Commercial Advisors LLC - Memphis, Tennessee
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Investment Insights
Based on property information with market context.
This four-story office property contains 53,907 square feet on 3.27 acres and was renovated in 2018. The building is fully leased and includes parking capacity at a ratio of 4.08 spaces per 1,000 SF.
Located at 5860 Ridgeway Center Parkway in Memphis’s East submarket, the property is positioned within the Class A CBD and near restaurants and hotels. Benihana, Chipotle, Owen Brennan’s, Ruth’s Chris Steak House, and Fleming’s are each within one mile.
Additional work completed in 2021 included repainting throughout the building and installing new lighting in the parking lots.
Located at 5860 Ridgeway Center Parkway in Memphis’s East submarket, the property is positioned within the Class A CBD and near restaurants and hotels. Benihana, Chipotle, Owen Brennan’s, Ruth’s Chris Steak House, and Fleming’s are each within one mile.
Additional work completed in 2021 included repainting throughout the building and installing new lighting in the parking lots.
Key Highlights
- 53,907‑square‑foot office building on 3.27 acres
- Fully leased office investment property
- Four‑story building renovated in 2018
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,769
Businesses Nearby
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Business Placement
Demographics for 38120, TN
14,536
Population
6,785
Households
2.1
Avg Household Size
44
Median Age
71%
College-Educated
98%
High-School Grad
9.6 sq mi
ZIP Area
1,514
Density / Sq Mi
$119,309
Median Household Income
$62,370
Median Earnings
$1,552
Median Rent
$421,500
Median Home Value
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Vacancy Rate% for Office in Memphis, TN
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office asset with recent building and parking-lot improvements in Memphis’s East submarket.
Where is this office building located?
The property is located at 5860 Ridgeway Center Parkway Memphis, TN.
What are key features of this property?
This property features: 53,907‑square‑foot office building on 3.27 acres; Fully leased office investment property; Four‑story building renovated in 2018
