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Medical User Opp. | Well-Established Office 3530 Hickory Hill Rd 10,496 SF Vacant Office Building Online Auction Sale Memphis, TN 38115
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Investment Highlights
- 3530 Hickory Hill Road presents a 10,496-square-foot medical office delivered vacant and move-in-ready for a family care practitioner.
- Equipped for annual patient exams, vaccinations, school/sports physicals, OB/GYN Care, 4D ultrasounds (4-D), x-rays, pediatric care, and EKGs.
- Previously occupied by Newstart Family & Obstetrical Care, a long-term, well-established tenant who served local patients for the past 15+ years.
- Less than 10 miles from two regional hospitals, St. Francis Hospital of Memphis & the Baptist Memorial Hospital of Memphis, conveniently off I-240.
- Approximately 236,060 households within a 10-mile radius (0.4% increase since 2020), with an average household income exceeding $93,000.
- Prominent pylon signage is visible to more than 30,500 daily passing vehicles along Hickory Hill Road, plus easy access and ample surface parking.
Executive Summary
As the exclusive listing advisor, Zeustra Real Estate Investment Services proudly offers the turnkey medical user opportunity at 3530 Hickory Hill Road in Memphis, Tennessee, to the market.
The subject medical office building totals 10,496 square feet on a 1.12-acre lot, directly fronting Hickory Hill Road. The lot features over 35 surface parking spaces and plenty of lighting. The building offers two floors of turnkey, medical office-grade build-out. Previously occupied by a long-term regional family practitioner, the subject is now available for a new medical office user.
3530 Hickory Hill Road is nestled in Memphis’ Hickory Hill suburb, known as a growing community on the upswing. Hickory Hill Park is one of the neighborhood’s main attractions, located in the center and offering a walking path, tennis courts, and sports fields. The park is also home to the Hickory Hill Community Center. Shelby Farms Park, about 10 miles away, is one of the biggest urban parks in the country. Downtown Memphis is 17 miles west, and residents rely on MATA bus service to access, which conveniently serves stops along the subject property.
The St. Francis Hospital of Memphis (4 miles) is a 519-bed general medical and surgical hospital that performs the top five most common adult procedures. The Baptist Memorial Hospital of Memphis (7 miles) is a 706-bed facility and has been ranked as the best hospital in the Memphis metro area and #2 in Tennessee by US News & World Report.
Education and health services rank as the largest daytime employment sector, employing more than 75,000 individuals. In the healthcare spending realm, medical services are the highest-spending category, exceeding $164.7 million, while prescription medications and medical supplies total more than $134.7 million combined.
Property tours are by appointment only. Please contact the listing broker to schedule.
The subject medical office building totals 10,496 square feet on a 1.12-acre lot, directly fronting Hickory Hill Road. The lot features over 35 surface parking spaces and plenty of lighting. The building offers two floors of turnkey, medical office-grade build-out. Previously occupied by a long-term regional family practitioner, the subject is now available for a new medical office user.
3530 Hickory Hill Road is nestled in Memphis’ Hickory Hill suburb, known as a growing community on the upswing. Hickory Hill Park is one of the neighborhood’s main attractions, located in the center and offering a walking path, tennis courts, and sports fields. The park is also home to the Hickory Hill Community Center. Shelby Farms Park, about 10 miles away, is one of the biggest urban parks in the country. Downtown Memphis is 17 miles west, and residents rely on MATA bus service to access, which conveniently serves stops along the subject property.
The St. Francis Hospital of Memphis (4 miles) is a 519-bed general medical and surgical hospital that performs the top five most common adult procedures. The Baptist Memorial Hospital of Memphis (7 miles) is a 706-bed facility and has been ranked as the best hospital in the Memphis metro area and #2 in Tennessee by US News & World Report.
Education and health services rank as the largest daytime employment sector, employing more than 75,000 individuals. In the healthcare spending realm, medical services are the highest-spending category, exceeding $164.7 million, while prescription medications and medical supplies total more than $134.7 million combined.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
10,496 SF
Building Class
C
Year Built
1988
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,963 SF
Slab To Slab
10’
Building FAR
0.21
Lot Size
1.12 AC
Parcel Number
09-3400-0-0233
Zoning
O-G - Medical
Parking
35 Spaces (3.33 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
About 385 Corridor
The 385 Corridor is home to some of the most affluent and highly educated suburbs in Memphis. Median household incomes exceed $100,000 in many neighborhoods here, and more than 50% of the adult population in the 385 Corridor holds a bachelor’s degree or above. These factors help provide a strong local labor force for office-using employers looking to relocate to or expand in the 385 Corridor.
FedEx is by far the largest office-using employer in this part of Memphis, and the international transportation firm’s headquarters is located here. The presence of FedEx leads to additional spillover demand from other office-using firms that seek proximity to the multinational conglomerate. Other major office tenants here include IMC Companies, Thyssenkrupp, and Orgill.
Suburban-style, low-rise office properties are predominant in this area. Most offices here have abundant surface parking and are located along major thoroughfares, allowing for easy commute times from Memphis’ major population centers. Office properties in the 385 Corridor often trade at a premium compared to the Memphis average owing to the relatively high-quality stock here as well as the overall desirability of this suburban locale.
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
15,378
91,837
193,327
2020 Population
16,057
96,765
204,102
2030 Population
15,084
89,875
189,265
2025-2030 Projected Population Growth
-1.9%
-2.1%
-2.1%
Daytime Employees
3,938
35,106
133,882
Total Businesses
565
3,551
12,624
Average Household Income
$55,627
$71,356
$89,165
Median Household Income
$44,697
$55,885
$67,595
Total Consumer Spending
$123.2M
$834.2M
$2.1B
Median Age
32.0
33.7
35.7
2025 Households
6,332
34,899
75,356
Percent College Degree or Above
8%
12%
17%
Average Home Value
$186,316
$252,033
$317,756
Sale Advisor
Sale Advisor
Ryan Lupo, Vice President
Being the Vice President at Zeustra, Ryan brings extensive deal experience and an unwavering commitment to securing the best possible outcomes for his clients. Specializing in medical real estate, Ryan has built a reputation for successfully navigating complex transactions and overcoming challenges with precision, dedication, and a client-first approach.
As part of Zeustra, a leading independent strategic advisory firm focused exclusively on healthcare, Ryan leverages a full-service business model to deliver unparalleled real estate and M&A advisory services. Whether guiding private practice owners, healthcare systems, or institutional investors, Ryan’s ability to provide tailored, data-driven solutions ensures maximum value and long-term success.
From monetizing real estate and financing acquisitions to negotiating leases and selling practices, Ryan and the Zeustra team combine innovative strategies with personalized service to meet the unique needs of their clients. Ryan’s deep expertise and passion for helping clients achieve their goals make him a trusted partner in the ever-evolving healthcare real estate market.
As part of Zeustra, a leading independent strategic advisory firm focused exclusively on healthcare, Ryan leverages a full-service business model to deliver unparalleled real estate and M&A advisory services. Whether guiding private practice owners, healthcare systems, or institutional investors, Ryan’s ability to provide tailored, data-driven solutions ensures maximum value and long-term success.
From monetizing real estate and financing acquisitions to negotiating leases and selling practices, Ryan and the Zeustra team combine innovative strategies with personalized service to meet the unique needs of their clients. Ryan’s deep expertise and passion for helping clients achieve their goals make him a trusted partner in the ever-evolving healthcare real estate market.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Marlo Lashley
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 265318. (888) 952-6393
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Medical User Opp. | Well-Established Office | 3530 Hickory Hill Rd
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Medical User Opp. | Well-Established Office | 3530 Hickory Hill Rd
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