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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


Investment Highlights
- Turnkey Medical Office | 10,496-square-foot medical office delivered vacant and ready for immediate owner-user occupancy.
- Freestanding Owner-User Opportunity – Acquire and control a dedicated medical facility without the limitations of a multi-tenant office setting.
- Avoid Costly Medical Conversion – Existing medical-grade improvements can reduce the cost & timeline associated with converting office space.
- Previously occupied by a long-term family medicine and OB/GYN practice, offering a proven outpatient healthcare location.
- Strong Hickory Hill Road Frontage – Direct frontage on a major southeast Memphis corridor with strong visibility and convenient patient access.
- Flexible Healthcare Layout – Two floors of existing clinical and administrative space can accommodate a range of outpatient medical specialties.
Executive Summary
Unlike conventional office space requiring a costly medical conversion, 3530 Hickory Hill Road has an established history of physician use and is already configured for outpatient care, including exam and clinical areas, reception and waiting space, administrative offices, and supporting medical-office infrastructure.
For an owner/user, the opportunity is particularly compelling: acquiring an existing medical facility can eliminate much of the construction cost, permitting risk, and lengthy build-out period. The building is being delivered vacant, allowing a physician group, specialty practice, outpatient provider, or healthcare organization to control its real estate and establish operations on its own timeline. The OM's interior photography demonstrates the existing clinical layout, including reception/waiting areas, exam rooms, and physician office space.
The property also benefits from its position within a substantial Memphis healthcare ecosystem. Saint Francis Hospital–Memphis is approximately four miles away and operates a 519-bed hospital on a 42-acre medical campus, while Baptist Memorial Hospital–Memphis is approximately seven miles away and operates a 706-bed flagship hospital on an 80-acre medical campus. Baptist Memorial is ranked the No. 1 hospital in the Memphis metropolitan area and No. 2 hospital in Tennessee for 2025–2026 and serves as a major referral center for patients throughout the Mid-South.
3530 Hickory Hill Road offers something increasingly difficult to replicate: an appropriately sized, freestanding medical building that can be occupied substantially faster than a ground-up development or major medical conversion. For practices evaluating whether to continue leasing, relocate, consolidate locations, or establish a permanent Memphis presence, the property provides the ability to pair operational control with long-term ownership of the underlying real estate.
Matterport 3D Tour
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Amenities
- Bus Line
- Signage
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
Sale Advisor
Ryan Lupo, Vice President
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.
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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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