Flex Space with Drive-In
New
For Lease
Contact for pricing
5055 Covington Way, Memphis, TN 38134
The suite includes private office space and two individual restrooms.
Space Size1,850 SF
Days on Market3
Property Features for 5055 Covington Way
General Information
Standard status
Active
Size
1,850 SF
Property subtype
INDUSTRIAL
Lease Type
Modified Gross
Site & Location
Neighborhood
Raleigh Cdc
Spaces For Lease
at 5055 Covington Way
5055 Covington Way
$12/SF/Yr
Floor
1
Size
1,850 SF
Type
INDUSTRIAL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- 3,000 SF - Warehouse
- 700 SF - Office
- Two private offices
- Two individual restrooms
- 4 Drive In Doors
- Conveniently located off Covington Pike and I-240
- Asking Rate: $12.00 MG
Contact us
Listing Agency:
NAI Saig Company - Memphis
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Moodyscre
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:56PM
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 - Memphis
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space combines warehouse and office areas, with two private offices, two individual restrooms, and four drive-in doors. The property is near Covington Pike and I-240 in Memphis.
Key Highlights
- Four drive‑in doors
- Two private offices
- Two individual restrooms
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Memphis, TN
$12.7 /SF/Yr
Avg Asking Price
$7.5–$21 /SF/Yr
Price Range
17,419 SF
Avg Space Size
This space is priced 6% below the average of $12.7 /SF/Yr.
Vacancy Rate% for Industrial in Memphis, TN
Similar Off Market Nearby
- Poke Paradise 901 — 5310 Crestview Rd, Memphis, TN 38134
Frequently Asked Questions
What type of property is this?
Flex space - The suite includes private office space and two individual restrooms.
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: Four drive‑in doors; Two private offices; Two individual restrooms
