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    513 Garland Ave Covington, TN 38019

    For Sale
    $375,000

    Land - Covington, TN

    Lot size:
    2.85 Acres
    Days on Market:
    171
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 513 Garland Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm
    Lot size
    2.85 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# 10162207 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

    Covington Land For New Business

    This property features two lots situated past Terrace Drive on a hill, extending past the brick home and building. The property begins past the brick home and building on the hill and continues to the corner of Garland Avenue, then up Garland Avenue. The house at 513 Garland Avenue has been torn down. The property does not include 505 Garland. It then turns right on South High, vacant land to the back of homes on Terrace Drive. The property consists of all the vacant land on the corner of Highway 51, Garland, and South High. Encompassing approximately 2.85 acres, this commercial land is located in Covington, Tennessee. The property is zoned for commercial use, presenting a location suitable for new business ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.65294
    Latitude
    35.557962

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    FAQs

    What type of property is this?
    Land - 2.85 acres of vacant land perfect for new business.
    Where is this land located?
    The property is located at 513 Garland Ave Covington, TN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Prime location at the corner of Hwy 51 & Garland & S. High, ideal for a new business.; - Two lots included, offering ample space and development potential.; - Vacant land, providing a blank canvas for construction or other uses.
    (901) 476-2121
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    513 Garland Ave 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
    513 Garland Ave Covington, TN 38019
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