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919 Highway 51 S Covington, TN 38019

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For Sale
$1,325,000

Two-building retail portfolio with value-add potential in Covington, TN.

Property size:
24,950 SF

Property Features for 919 Highway 51 S

General Information

Size
24,950 SF

Building Details

Year built
1989

Source: Jeff Higdon Agent Jeff Higdon

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Portfolio in Covington, TN

The West Side Shopping Center is a retail portfolio featuring two buildings totaling approximately 24,950 square feet on 2.13 acres across two parcels. The property is currently 66% occupied and generates a gross annual income of $120,768. Existing tenants operate under short-term and month-to-month leases at below-market rental rates, presenting an opportunity to increase returns through strategic lease-up and rent adjustments. Building 1 comprises 7,500 square feet, while Building 2 offers 17,950 square feet. The property includes dedicated, illuminated monument signage and benefits from high visibility in a high-traffic retail corridor. Shadow-anchored by Harbor Freight, this property is located in Covington, TN, and is suitable for investors, owner-users, or redevelopment opportunities.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

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

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

Similar Places Nearby

North Plaza Shopping Center, Park Plaza

Location Insight

  • Map
  • Local Demand
City
Covington
County
Tipton
State
Tennessee
Longitude
-89.643896
Latitude
35.57934

FAQs

What type of property is this?
Shopping center - Two-building retail portfolio with value-add potential in Covington, TN.
Where is this shopping center located?
The property is located at 919 Highway 51 S Covington, TN.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: - Significant value-add potential through lease-up and rent adjustments.; - Immediate cash flow with $120,768 gross annual income currently generated at 66% occupancy.; - Two-building retail portfolio totaling 24,950 SF on 2.13 acres.
More about this property
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