Warehouse with
For Lease
$12 SF/Yr
5055 Covington Way, Memphis, TN 38134
This flex warehouse includes 4 drive-in doors and 700 SF of office space with two private offices.
Space Size1,850 SF
Property Size11,050 SF
Days on Market51
Property Features for 5055 Covington Way
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Industrial - Flex - Industrial
Lease Type
Modified Gross
Additional Details
Business Included
No
Highway Access
Yes
Drive-In Doors
4
Building Details
Building Size
11,050 SF
Spaces For Lease
at 5055 Covington Way Contact us- Size
- 1,850 SF
- Type
- Flex - Industrial
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
3 $12/SF/Yr
Listing Agency:
NAI Saig Company
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Commercialcafe
Added: Jul 27
Changed: Sep 14
Last Checked: Sep 15 at 5:38AM
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 NAI Saig Company
Investment Insights
Based on property information with market context.
This flex-style warehouse offers 3,000 SF of warehouse space supported by 700 SF of office. The office portion includes two private offices and two individual restrooms, providing separate work areas and restroom access for day-to-day operations.
The property is conveniently located off Covington Pike and I-240, offering straightforward access for service, deliveries, and customer visits.
With four drive-in doors, the space is designed for convenient loading and unloading, while the included office area supports onsite management and administrative work.
The property is conveniently located off Covington Pike and I-240, offering straightforward access for service, deliveries, and customer visits.
With four drive-in doors, the space is designed for convenient loading and unloading, while the included office area supports onsite management and administrative work.
Key Highlights
- 3,000 SF warehouse with 700 SF office space
- 4 drive‑in doors for warehouse access
- Office includes two private offices
Property Analytics
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Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 38134, TN
41,760
Population
15,685
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
86%
High-School Grad
18.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$61,172
Median Household Income
$39,185
Median Earnings
$1,147
Median Rent
$184,400
Median Home Value
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Market
Lease Benchmarks for Memphis, TN
$12.15 /SF/Yr
Avg Asking Price
$7.5–$21 /SF/Yr
Price Range
17,638 SF
Avg Space Size
This space is priced 1% below the average of $12.15 /SF/Yr.
Vacancy Rate% for Industrial in Memphis, TN
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - This flex warehouse includes 4 drive-in doors and 700 SF of office space with two private offices.
Where is this flex space located?
The property is located at 5055 Covington Way Memphis, TN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 3,000 SF warehouse with 700 SF office space; 4 drive‑in doors for warehouse access; Office includes two private offices
