Add Listing
    Covington, TN
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    Covington, TN Hotels for Sale

    Notify Me
    List
    Map
    Henning, TN Brighton, TN Burlison, TN
    Economy Hotel Tennessee Portfolio
    $2,900,000
    149,512 SF
    Economy Hotel Tennessee Portfolio

    112 US-51, Covington, TN 38019

    Two unencumbered economy hotels in Tennessee, totaling 175 guestrooms.
    • 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.
    Updated: Jan 27, 2024
    View details
    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.

    Courtyard Memphis East Hotel Opportunity
    Contact for pricing
    34,536 SF
    Courtyard Memphis East Hotel Opportunity

    96-room hotel near Germantown, TN, undergoing renovation.

    3076 Kirby Pkwy, Memphis, TN 38115

    View details
    Newly Built TownePlace Suites Hotel
    Contact for pricing
    50,000 SF
    Newly Built TownePlace Suites Hotel

    Newly built 95-room hotel with suites and full kitchens.

    7840 Craft Goodman Frontage Road, Olive Branch, MS 38654

    View details
    Hilton Garden Inn Package Deal
    Contact for pricing
    98,268 SF
    Hilton Garden Inn Package Deal

    Recently built Hilton Garden Inn near Memphis, being sold as package.

    7890 Craft Goodman Frontage Road, Olive Branch, MS 38654

    View details
    70-Key Hotel in Metro Memphis
    Contact for pricing
    21,012 SF
    70-Key Hotel in Metro Memphis

    Independent hotel with value-add potential in the Northeast I-40 corridor.

    2855 Old Austin Peay Hwy, Memphis, TN 38128

    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
    $500,000
    3.48 Acres
    Osceola Commercial Land For Sale

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

    State Hwy 140, Osceola, AR 72370

    View details
    Dyersburg Commercial Land For Sale
    $799,000
    6.10 Acres
    Dyersburg Commercial Land For Sale

    6.1 acres of commercial land in a prime location.

    Radio Rd, Dyersburg, TN 38024

    View details
    Prime Commercial Land Opportunity
    $6,000,000
    80.00 Acres
    Prime Commercial Land Opportunity

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

    W Interstate 40 Expressway, Jackson, TN 38301

    View details
    Prime Commercial Land on Vann
    $2,500,000
    4.24 Acres
    Prime Commercial Land on Vann

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

    191 Vann Drive, Jackson, TN 38305

    View details

    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
    149,512 SF Lot: 5.14 Acres
    Value Estimation by Request

    112 Us-51, Covington, TN 38019

    View details

    Covington, TN Hotels Investment Opportunities Market Analysis

    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.

    List
    Map

    Top Commercial Asset Segments

    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 median 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 sq ft
    Average Loan-to-Value 65.0%

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Popular Searches in Covington, TN

    Popular Categories

    Most Searched ZIP Codes in Covington, TN

    • 38019

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!