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Northeast Memphis Business Park

5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spice Cove Memphis, TN 38134

5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spice Cove, Memphis, TN, 38134
$131,000/Mo
For Lease
Claim this Listing
$12 SF/Yr $131,000/Mo (calc)

Office and showroom/warehouse spaces available in Memphis, Tennessee.

Property Size131,000 SF
AddedNov 21, 2025
Days on Market236
Last RefreshJul 14 at 10:09 pm

Property Features for 5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spice Cove

General Information

Standard status
Active
Size
131,000 SF
Property subtype
Industrial

Building Details

Year Built
1987

Spaces For Lease

at 5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spice Cove Contact us

Listing office NAI | Saig Company

Listing date Nov 21, 2025

Source Naiglobal

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.

Perimeter Point Business Center is a 131,000 square-foot business park located in Northeast Memphis. The six-building campus offers office, showroom, and warehouse spaces with grade-level and roll-up doors. Available spaces range from small one-to-two-person offices starting at 250 square feet to small to mid-sized office/flex spaces with warehouse components ranging from 1,000 to 9,000 square feet. The property provides ample parking and is centrally located to service the Memphis Metropolitan Statistical Area. Situated within the block formed by Covington Way, Elmore Road, and Spicer Cove, the location offers convenient access to the intersection of I-240 and I-40 off Covington Pike, making it suitable for a regional sales and service office. The property is professionally and locally managed.

Key Highlights

  • Convenient location near the intersection of I‑240 and I‑40, providing easy access.
  • Versatile space options including office, showroom, and warehouse spaces ranging from 1,000 to 9,000 SF.
  • Small office spaces available, starting at 250 SF.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Parking Lot & Garage Real Estate Agency Kitchen & Bath Showroom Skin Care Clinic Building Supply Cafe & Coffee Shop Garden Center Law Firm Dental Office Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Odum's Kitchen — Memphis, TN 38128

FAQs

What type of property is this?
Flex space - Office and showroom/warehouse spaces available in Memphis, Tennessee.
Where is this flex space located?
The property is located at 5125 & 5175 Elmore Road 5115 Covington Way 2170 & 2175 Business Center Drive 2165 Spice Cove Memphis, TN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Convenient location near the intersection of I‑240 and I‑40, providing easy access.; Versatile space options including office, showroom, and warehouse spaces ranging from 1,000 to 9,000 SF.; Small office spaces available, starting at 250 SF.
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