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    1024 Highway 51 Covington, TN 38019

    For Sale
    $185,000

    Commercial - Covington, TN

    Days on Market:
    14
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 1024 Highway 51

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1989
    Architectural style
    Other

    Midsouth Residential (901) 837-7511 [email protected]

    Listing agent Lisa Uttz (901) 507-4680

    Listing date Nov 22, 2025

    MLS# 10210315 Listing URL

    Copyright © 2025 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land For Sale Covington, TN

    Commercial land is available for purchase in Covington, Tennessee. The property is located at 1024 HWY 51, Covington, TN 38019.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy Hotel & Motel Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.631308
    Latitude
    35.595674

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    FAQs

    What type of property is this?
    Commercial land - Commercial land available for purchase in Covington, Tennessee.
    Where is this commercial land located?
    The property is located at 1024 Highway 51 Covington, TN.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Built in 1989
    (901) 507-4680
    Request Owner's contact information
    1024 Highway 51 Covington, TN 38019
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    Covington, TN 38019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1024 Highway 51 Covington, TN 38019
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