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    1031 Highway 51 Covington, TN 38019

    For Sale
    $187,500

    Commercial - Covington, TN

    Days on Market:
    180
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 1031 Highway 51

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1987
    Architectural style
    Other

    COVINGTON REALTY & AUCTION, LLC (901) 476-8336 [email protected]

    Listing agent Ali C Spoon (901) 476-8336

    Listing date Jun 9, 2025

    MLS# 10182191 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

    Commercial Property in Covington, TN

    This commercial building in Covington, TN, is available for purchase and features a new HVAC system, alarm system, stock storage room, bathroom, and kitchen. It also includes a large parking lot. The property can also be leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banny Heating And Cooling ... Hvac Contractor

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.638549
    Latitude
    35.586287

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    FAQs

    What type of property is this?
    Storefront property - Commercial building with new HVAC, alarm system, and parking.
    Where is this storefront property located?
    The property is located at 1031 Highway 51 Covington, TN.
    What is the asking price?
    The asking price for this property is $187,500.
    What are key features of this property?
    This property features: - Large parking lot available.; - New HVAC system for year-round comfort.; - Stock storage room provides ample space.
    (901) 476-8336
    Request Owner's contact information
    1031 Highway 51 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
    1031 Highway 51 Covington, TN 38019
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