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    1186 Highway 51 Covington, TN 38019

    For Sale
    $625,000

    Land - Covington, TN

    Lot size:
    4.00 Acres
    Days on Market:
    165
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 1186 Highway 51

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm
    Lot size
    4.00 Acres

    Building Details

    Architectural style
    Other

    Century 21 Property Place (901) 476-2121 [email protected]

    Listing agent Deborah Watkins (901) 476-2121

    Listing date Jun 24, 2025

    MLS# 10149930 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

    Corner Lot in High Traffic Area

    This commercial land is located in a high traffic area on a corner lot. The property has road frontage on Highway 51 N and James Street. The lot size is 4 acres. A building is included with the lot and is sold AS-IS. The zoning is Comm.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -89.633817
    Latitude
    35.591461

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    FAQs

    What type of property is this?
    Commercial land - Commercial land with road frontage in a high-traffic location.
    Where is this commercial land located?
    The property is located at 1186 Highway 51 Covington, TN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - High traffic location; - Prime corner lot; - Road frontage on Hwy 51 N.
    (901) 476-2121
    Request Owner's contact information
    1186 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
    1186 Highway 51 Covington, TN 38019
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