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    Highway 51 Covington, TN 38019

    For Sale
    $450,000

    Land - Covington, TN

    Lot size:
    2.75 Acres
    Days on Market:
    213
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for Highway 51

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    com
    Lot size
    2.75 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Harold Morris (901) 476-2121

    Listing date May 8, 2025

    MLS# 10196290 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 Land in Growing Area

    This commercial land is situated in a growing area, adjacent to a restaurant and a car dealership. The total lot size is 2.75 acres. The property is zoned for commercial use (com). The land can be divided and sold as separate lots. One lot on the south end, measuring 1.26 acres, is available. There are two additional lots available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.649166
    Latitude
    35.564057

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    FAQs

    What type of property is this?
    Commercial land - Commercial land available in a growing area near established businesses.
    Where is this commercial land located?
    The property is located at Highway 51 Covington, TN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Great commercial location in a growing area.; - Opportunity to purchase lots separately.; - Adjacent to a restaurant and car dealership.
    (901) 476-2121
    Request Owner's contact information
    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
    Highway 51 Covington, TN 38019
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