Vacant Corner Land for
For Sale
$374,000
513 GARLAND Ave, Covington, TN 38019
LAND - Covington, TN
Lot Size2.85 Acres
Days on Market969
Property Features for 513 GARLAND Ave
General Information
Property type
Land
Property subtype
Other
Zoning
Comm
Standard status
Active
Lot size
2.85 Acres
Taxes and HOA fees
Tax Annual Amount
377
Listing Agency:
Property Place · Century 21 Real Estate
(901) 476-2121
Listed By:
Deborah Watkins
(901) 359-2872
Added: Dec 6, 2023
Changed: Jun 25
Last Checked: Aug 1 at 5:06AM
MLS# 10162207
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The offering consists of two vacant lots located just past Terrace Drive on the hillside. The property extends past a brick home and building on the hill and continues to the corner of Garland Avenue, running up Garland Avenue. The house at 513 Garland Avenue has been torn down, and 505 Garland is not included in the sale.
The land is described as extending to the corner of Garland Avenue and S. High and includes vacant land on the corner of Hwy 51, Garland, and S. High. The parcel follows the roadway alignment and reaches the back of homes on Terrace Drive, providing a larger continuous tract for site planning.
This site is best suited for investors or businesses looking to develop on a vacant, multi-lot configuration with established road frontage along Garland Avenue and access to a key corner location at Hwy 51 and Garland/S. High. With the on-site structure at 513 Garland Avenue already removed, an operator can focus on planning the next improvement based on the property’s existing boundaries and access points.
The land is described as extending to the corner of Garland Avenue and S. High and includes vacant land on the corner of Hwy 51, Garland, and S. High. The parcel follows the roadway alignment and reaches the back of homes on Terrace Drive, providing a larger continuous tract for site planning.
This site is best suited for investors or businesses looking to develop on a vacant, multi-lot configuration with established road frontage along Garland Avenue and access to a key corner location at Hwy 51 and Garland/S. High. With the on-site structure at 513 Garland Avenue already removed, an operator can focus on planning the next improvement based on the property’s existing boundaries and access points.
Key Highlights
- Prime location on the corner of Hwy 51 & Garland & S. High, ideal for a new business.
- Includes multiple lots, offering significant development potential.
- Located just past Terrace Drive on a hill.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 38019, TN
15,129
Population
6,543
Households
2.3
Avg Household Size
40
Median Age
15%
College-Educated
88%
High-School Grad
140.6 sq mi
ZIP Area
108
Density / Sq Mi
$59,957
Median Household Income
$38,118
Median Earnings
$912
Median Rent
$195,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two vacant lots with frontage extending to a Garland Avenue corner, suitable for new business development.
Where is this commercial land located?
The property is located at 513 GARLAND Ave Covington, TN.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: Prime location on the corner of Hwy 51 & Garland & S. High, ideal for a new business.; Includes multiple lots, offering significant development potential.; Located just past Terrace Drive on a hill.
