Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    919 Highway 51 S Covington, TN 38019

    Loading data...
    Loading data...
    Loading data...
    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

    Nearby Similar for Sale

    • $329,000

      Highway 51 Commercial Opportunity

      Versatile commercial building on Highway 51, Covington, Tennessee.
      635 Highway 51, Covington, TN 38019
      View Details
    • $950,000
      100.00 Acres

      High-Yield Farmland Near Ford Plant

      100-acre income-producing farmland near Ford BlueOval City site.
      428 Hogan Rd, Covington, TN 38019
      View Details
    • $425,000
      6,375 SF

      Retail Property on Highway 51

      Multitenant retail property with high visibility and ample parking.
      51 U.s North, Covington, TN 38019
      View Details
    • $500,000
      7,154 SF

      Commercial Building in Covington, TN

      Commercial building and business for sale near Ford Blue Oval.
      217 Us-51, Covington, TN
      View Details
    • $1,152,000

      Retail Property Near Blue Oval

      Retail space with long-term lease and high-traffic location.
      416 S 51, Covington, TN 38019
      View Details
    • $2,500,000
      126,585 SF

      126,585 SF Industrial Facility

      Industrial facility on 16.48 acres in Covington, TN.
      190 Mill Rd, Covington, TN 38019
      View Details

    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.
    (901) 870-6740
    Request Owner's contact information
    919 Highway 51 S Covington, TN 38019
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    919 Highway 51 S
    Covington, TN 38019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    919 Highway 51 S Covington, TN 38019
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.