3100-3106 Professional Plz
Germantown, TN 38138
REIT SALE | Former Medical · Office Property For Sale

Marcus & Millichap is pleased to present a vacant medical office condo (Unit 2) located at 3106 Professional Plaza in Germantown, Tennessee 38138 (the “Property”). Formerly occupied by a dental clinic, the Property is being offered significantly below replacement cost, providing an exceptional opportunity for owner-users or investors to acquire a well-located medical/office asset in one of the most affluent and established submarkets within the Memphis MSA. FIRST BID MEETS RESERVE! Built in 1999, Unit 2 is part of a ±4,910 SF single-story, two-tenant medical office building positioned on a ±4,948 SF lot. The Property offers ample surface parking, with 91 total shared spaces, and is ideally located within Germantown’s highly sought-after East Poplar Avenue District. Unit 2 consists of ±2,325 SF, previously configured as a fully operational dental office, featuring multiple exam rooms, private offices, a spacious reception area, and existing medical infrastructure, making it turnkey-ready for another healthcare user or easily adaptable for general office or retail use. Previously occupied by Great Southern Smiles, the Property presents a value-add opportunity through lease-up at long-term market rates (Costar estimated rents $20-24/SF Full Service/Office). Zoned SC-1/PUD Shopping Center District within the Forest Hill Professional Plaza PUD, the Property allows for a variety of professional, medical, and commercial uses, enhancing its long-term investment potential. The Property is ideally situated in Germantown, a thriving suburban city just ±18 miles east of downtown Memphis. Positioned directly between Poplar Pike and Poplar Avenue (TN-57), the region’s primary commercial corridor, the site provides seamless access to I-240, I-269, and the greater Memphis MSA, ensuring strong connectivity for businesses and medical professionals. Less than 4-mi from Methodist Le Bonheur Germantown Hospital, the Property benefits from sustained demand from physicians, specialists, and medical businesses seeking proximity to a leading medical institution. Additionally, Germantown has a dense professional and medical office sector, with numerous private practices, healthcare providers, and corporate offices contributing to a stable, long-term demand for medical and professional space. Ideally positioned within the 385 Corridor submarket in a prime Germantown location, 3106 Professional Plaza presents a compelling opportunity for investors or owner-users seeking a well-positioned asset in one of Tennessee’s most desirable suburban markets. There are several hospitality assets within walking distance to the Property which also benefits from its proximity Shops of Forest Hill shopping center anchored by Target, Marshalls and Sprouts. The 1-mi area supports ±3,750 people with an extremely affluent average household income (AHHI) of ±$273,142. The area supports a strong residential base within the 3-mi area with ±48k residents with ±193,295 in AHHI and over 134k residents with an AHHI of ±$156k in a 5-mi trade area supporting continued demand for medical, office, and retail services.