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    Covington, TN Hotels for Sale

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    Economy Hotel Tennessee Portfolio
    Updated: Jan 27, 2024
    Economy Hotel Tennessee Portfolio

    112 US-51, Covington, TN 38019

    $2,900,000
    149,512 sqft
    Discount to Replacement Cost: Offered at a substantial discount.
    Unencumbered of Debt & Management: Allows for fresh capital and operational retooling.
    Regionally Concentrated Portfolio: Two hotels located in Tennessee.
    Economy Hotel Portfolio: Addresses a specific market segment.
    Independent Brand: Offers branding and management flexibility.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Estate with Two Homes
    Historic Estate with Two Homes

    248 North Cumberland Street, Jackson, TN 38301

    $1,250,000
    7,945 sqft 3.00 AC lot

    Two historic homes from the 1870s with maintained gardens and a pavilion across six parcels in an Opportunity Zone.

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    Apartment Conversion Opportunity
    Apartment Conversion Opportunity

    6020 Shelby Oaks Drive, Memphis, TN 38134

    $2,000,000
    41,280 sqft

    Vacant hospitality property with an apartment redevelopment concept, including a newly installed roof and existing elevator infrastructure.

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    40 Acres on Hwy 70E
    40 Acres on Hwy 70E

    2142 Hwy 70 E, Jackson, TN 38305

    $4,000,000
    40.00 AC lot

    40 acres near I-40 with multiple development possibilities.

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    Memphis Hotel with Kitchenettes
    Memphis Hotel with Kitchenettes

    4300 American Way, Memphis, TN 38118

    $4,500,000

    Hotel with kitchenettes, high occupancy, and franchise conversion potential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Osceola Commercial Land For Sale
    Osceola Commercial Land For Sale

    State Hwy 140, Osceola, AR 72370

    $500,000
    3.48 AC lot

    Highly visible open tract near I-55 interchange in Osceola.

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    Dyersburg Commercial Land For Sale
    Dyersburg Commercial Land For Sale

    Radio Rd, Dyersburg, TN 38024

    $799,000
    6.10 AC lot

    6.1 acres of commercial land in a prime location.

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    W Interstate 40 Expressway, Jackson, TN 38301

    $6,000,000
    80.00 AC lot

    80 acres of B-5 zoned land in Jackson, Tennessee.

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    Prime Commercial Land on Vann
    Prime Commercial Land on Vann

    191 Vann Drive, Jackson, TN 38305

    $2,500,000
    4.24 AC lot

    4.24 acres zoned SC-1 in Jackson's retail corridor.

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    Off-Market Properties in Covington, TN

    Consider similar Off-Market properties in Covington, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    112 Us-51
    Motels

    112 Us-51, Covington, TN 38019

    Value Estimation by Request
    149,512 sqft 5.14 AC lot
    View details

    Covington, TN Hotels Market Trends and Statistics

    Explore 2 hotels for sale in Covington, TN on our real estate platform. These investment opportunities span a total of 149,512 square feet of properties for sale, with an estimated market value of $2,900,000.

    Sale prices for resorts in Covington, TN start at $2,900,000, averaging $2,900,000, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1

    Demographics Overview

    Population 16K
    Population Growth (5Y) -1.5%
    Median Household Income $59,957
    College Educated 20.2%

    High-Yield Neighborhoods for Investment

    Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    38019 $2.9M

    Taxes & Financing

    Tax Rate (average for all types) 2.97%
    Property Tax per SF $59.62 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tipton County

    New Delisted

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