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    1031 Hwy 51 Hwy Covington, TN 38019

    For Sale
    $187,500

    Prime Covington location, updated HVAC & security.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional commercial property, located at 1031 HWY 51 Hwy in Covington, Tennessee, presents a fantastic investment opportunity. Priced at $187,500, this general commercial building boasts a range of desirable features ideal for a variety of businesses. A significant advantage is the recently installed, brand new HVAC system, ensuring year-round comfort and energy efficiency. Security is enhanced by a fully functioning alarm system, providing peace of mind for owners and occupants. The building includes a dedicated stock storage room, perfect for inventory management or archiving. Practical amenities are also in place, including a conveniently located bathroom and a functional kitchen area. Ample parking is available for customers and employees thanks to a large, well-maintained parking lot. The property sits on a lot of zero acres. This turnkey solution requires minimal upfront investment, allowing businesses to focus on growth and profitability. The building's versatile layout and modern amenities make it an attractive option for a wide range of commercial uses. Don't miss this chance to secure a thriving business location in a desirable area. Schedule a viewing to explore the potential of this exceptional property.

    Property Features for 1031 Hwy 51 Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.63947
    Latitude
    35.58517

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Covington location, updated HVAC & security.
    Where is this commercial real estate located?
    The property is located at 1031 Hwy 51 Hwy Covington, TN.
    What is the asking price?
    The asking price for this property is $187,500.
    (901) 476-8336
    Request Owner's contact information
    1031 Hwy 51 Hwy 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 Hwy 51 Hwy Covington, TN 38019
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