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    2920-2964 Covington Pike Memphis, TN 38128

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    For Lease
    Contact for pricing

    Retail space available in a well-located shopping center.

    Property size:
    1,275 SF
    Lot size:
    4.57 Acres

    Property Features for 2920-2964 Covington Pike

    General Information

    Size
    1,275 SF
    Lot size
    4.57 Acres

    Source: Jones Aur Commercial Real Estate | Memphis Agent Dustin Jones

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

    Overview

    Retail Space in Neighborhood Center

    Located at the corner of Covington Pike and Stage Road, this neighborhood shopping center offers excellent visibility and access. The property features ample parking with a large parking field directly in front. A double drive-thru opportunity is available. Area retailers include Home Depot, Burlington Coat Factory, Marshalls, Walgreens, AutoZone, Captain D’s, and Taco Bell. Current tenants include Davita, Dollar General, Goodwill, Metro by T-Mobile, Subway, and First Horizon. Traffic counts are 22,515 AADT on Stage Road and 25,129 AADT on Covington Pike. The available retail space is 1275 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Similar Places Nearby

    Plaza I, Bigbobarbershop

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8936411
    Latitude
    35.2052817

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in a well-located shopping center.
    Where is this shopping center located?
    The property is located at 2920-2964 Covington Pike Memphis, TN.
    What are key features of this property?
    This property features: - Excellent visibility and access from both Stage Road and Covington Pike; - High traffic counts: Stage Rd 22,515 AADT and Covington Pike 25,129 AADT; - Ample parking with a large parking field directly in front of the center
    (901) 581-5049
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    2920-2964 Covington Pike Memphis, TN 38128
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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
    2920-2964 Covington Pike Memphis, TN 38128
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