Perimeter Point Business Park

5115 Covington Way, Memphis, TN 38134

  • For Lease Contact for pricing
  • Property Type Office - Flex - Office
  • Property Size 142,000 SF
  • Lot Size 11.73 Acre
  • Parking Spaces Avail. 511
  • Parking Ratio 3.60 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987
  • Date Updated Jun 3, 2025

Perimeter Point Business Park is a 142,000-square-foot flex-office property situated on an expansive 11.73-acre lot. Designed to accommodate a variety of professional needs, the property includes 511 parking spaces, offering a convenient parking ratio of 3.6 spaces per 1,000 square feet. Built in 1987, this Class B business park provides functional office solutions for tenants seeking adaptable workspace options.

Located in Raleigh, this property is surrounded by a range of amenities. Dining options within walking distance include McDonald's, approximately 0.2 miles away, and Memphis Rise Academy is just over half a mile from the property for educational needs. For additional convenience, fuel stations such as BP and Exxon are situated within 2 miles. Nearby hotels, including WoodSpring Suites Memphis Northeast and Comfort Inn & Suites, are less than 2 miles away, making them ideal for visiting clients or employees.

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Spaces Available

Contacts

broker
Brian Califf Is this you?

NAI Saig Company

Location

Getting Around

  • Walk Score ®

    39/100 Car-Dependent

  • Transit Score ®

    22/100 Minimal Transit

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Memphis, TN
  • Neighborhood Raleigh
  • Zip Code 38134
  • Market Memphis

Points of Interest

  • Cleveland Street

    7.70 miles

  • Pauline

    8.27 miles

  • Dunlap

    8.45 miles

  • Orleans

    8.70 miles

  • Danny Thomas

    8.96 miles

  • North End

    8.99 miles

  • Overton

    9.05 miles

  • Convention Center

    9.18 miles

  • Pyramid

    9.20 miles

  • Third Street

    9.25 miles

  • BP

    1.18 miles

  • Exxon

    1.57 miles

  • Mobil

    1.69 miles

  • Shell

    1.89 miles

  • Valero

    2.16 miles

  • Marathon

    2.43 miles

  • ChargePoint

    4.86 miles

  • Tesla Supercharger

    6.25 miles

  • BAC Parking

    4.14 miles

  • Valet Lot

    4.16 miles

  • Outpatient Testing and Medical Plaza 3 Garage

    4.25 miles

  • Employee Parking

    4.25 miles

  • Hospital Visitors and Medical Plaza 1 & 2 Garage

    4.28 miles

  • Baptist Memorial Hospital for Women Garage

    4.46 miles

  • Woodland Discovery Park Parking

    4.60 miles

  • Deloach Parking Garage

    5.02 miles

  • Memphis Zoo Parking

    6.22 miles

  • CBU Resident Parking

    6.32 miles

  • Motel 6 Memphis Northeast

    1.86 miles

  • WoodSpring Suites Memphis Northeast

    1.95 miles

  • Comfort Inn & Suites

    1.97 miles

  • Americas Best Value Inn & Suites Memphis E

    2.01 miles

  • Siegel Select Memphis

    2.02 miles

  • Baymont Memphis East

    2.02 miles

  • Red Roof Inn Memphis East

    2.08 miles

  • Motel 6

    2.19 miles

  • Gardentree Hotel

    2.22 miles

  • Super 8 Memphis/East/Macon Cove Area

    2.26 miles

  • McDonald's

    0.20 miles

  • Domino's

    1.26 miles

  • Ali Baba

    1.28 miles

  • Krystal

    1.67 miles

  • Taco Bell

    1.72 miles

  • Side Porch Steak House

    1.76 miles

  • Sonic

    1.88 miles

  • Elena's Taco Shop

    1.89 miles

  • Brad's Bar B Q Bartlett

    1.90 miles

  • El Patron Authentic Mexican Restaurant

    1.91 miles

  • Memphis Rise Academy

    0.53 miles

  • Central Baptist School

    0.68 miles

  • Childrens World Learning Center

    0.72 miles

  • Raleigh-Bartlett Meadows Elementary School

    0.81 miles

  • Harding Academy of Sycamore View

    1.32 miles

  • Wells Station Elementary School

    1.43 miles

  • Grey Road Christian Academy

    1.68 miles

  • Macon Elementary School

    1.84 miles

  • Bartlett High School

    1.99 miles

  • Southwest Tennessee Community College

    2.14 miles

  • Barbara K Lipman Early Childhood School and Research Institute

    4.74 miles

  • La Petite Academy

    5.04 miles

  • Miriam Child Development Center

    5.13 miles

  • Union Avenue Baptist Church Child Enrichment Center

    6.44 miles

  • Vollintine Baptist Day Care Center

    7.36 miles

  • Fireside Temple Church of God in Christ Day Care Center

    8.93 miles

  • Saint Jude Day Care Center

    9.40 miles

Frequently Asked Questions

What type of office space is available to lease at Perimeter Point Business Park?

In total, there is 24,650 square feet of office space for lease here. Availability at this location includes 1 Office space. The property offers Multi-Tenant commercial space. Of the availability currently listed in the building, available spaces include 1 sublease option.

Does Perimeter Point Business Park have enough space for a large business?

Yes, availabilities here could accommodate larger businesses with 1 office space larger than 10,000 square feet available for lease. For a better understanding of how this space could work for you, reach out to schedule a tour.

Does Perimeter Point Business Park have parking?
Yes, the property offers 511 parking spaces with a parking ratio of 3.60 / 1,000 SF.
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Contact Listing Broker
broker
Brian Califf Is this you?

NAI Saig Company

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