Map of Property

Covington Shopping Center

For Sale

975 U.S. 51 S, Covington, TN 38019

This Covington property for sale is located at 975 U.S. 51 S. The current listed sale price for Covington Shopping Center is $4,912,432.43. Covington Shopping Center is situated on a lot that is 11.44 acre in size.

Contacts

broker

Gus Jamil

Legacy Real Estate Advisors

Property Details

  • Property Type Retail - Street Retail
  • Property Size 71,078 SF
  • Lot Size 11.44 Acre
  • Additional Rent Contact for pricing
  • Year Built 1991
  • Year Renovated 2023
  • Date Updated Sep 22, 2024
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Highlights

  • Tennessee is an Income Tax-Free State *Consult With A Tax Professional For More Details*
  • Covington, TN is part of the Memphis, TN MSA - Ranked #41 Largest MSA in the United States
  • The Tri-Cities Region of Tennessee, Which Includes Covington, TN experienced a 2.3% Population Growth in 2023
  • Covington, TN Median Household Income Increased 38% in 2021-22
  • Tennessee Department of Economic and Community Development Announced That Covington is the Newest Community
  • to Join the Tennessee Main Street Program, Which Grants Opportunities to Assist in Downtown Revitalization Efforts
  • 71,078 SF Building on 11.44 Acres - Very Attractive Price PSF of $68
  • High Traffic Counts - 24,000+ Vehicles Pass Site Daily on U.S. 51 S
  • Covington Shopping Center is 100% Occupied and Houses the only Tractor Supply, Bealls', and Big Lots in a 20 Mile Radius
  • Long Lease Terms with Very Minimal Landlord Responsibilities

Getting around

  • 23/100

    Walk Score ®

  • 39/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Covington, TN
  • Neighborhood Northside Covington
  • Zip Code 38019
  • Market Memphis

Points of Interest

  • Exxon

    0.25 miles

  • Shell

    0.49 miles

  • Valero

    1.30 miles

  • Murphy USA

    2.96 miles

  • McDonald's

    0.42 miles

  • Wendy's

    0.69 miles

  • Subway

    0.70 miles

  • Burger King

    3.00 miles

  • Las Margaritas of Covington

    3.04 miles

  • Ming's Buffet & Grill

    3.04 miles

  • IHOP

    3.06 miles

  • Erwin's Great Steaks

    4.67 miles

  • Walmart Supercenter

    2.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Gus Jamil

Legacy Real Estate Advisors