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    887 Highway 51 S Covington, TN 38019

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    For Lease
    Contact for pricing

    Retail spaces and drive-thru opportunity near Ford BlueOval City.

    Lot size:
    1.00 Acre

    Property Features for 887 Highway 51 S

    General Information

    Lot size
    1.00 Acre

    Source: Jones Aur Commercial Real Estate | Memphis Agent Reid Lanigan

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

    Overview

    Retail Opportunity Near Ford Plant

    This Harbor Freight-anchored shopping center offers retail opportunities, including an outparcel drive-thru, facing the high-traffic corridor of U.S. 51. The location benefits from close proximity to Ford BlueOval City, Ford Motor Company's flagship electric vehicle manufacturing plant. The surrounding area features national retailers such as The Home Depot, Walmart, Walgreens, Harbor Freight, Advance AutoParts, Verizon, AT&T, Zaxby's, Little Caesars Pizza, Margaritas, Burger King, IHOP, Subway, and Applebee's. The property benefits from ample parking and high traffic counts on U.S. Highway 51, with an annual average daily traffic (AADT) of 22,805.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    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

    North Plaza Shopping Center, Park Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.643825
    Latitude
    35.577593

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces and drive-thru opportunity near Ford BlueOval City.
    Where is this shopping center located?
    The property is located at 887 Highway 51 S Covington, TN.
    What are key features of this property?
    This property features: - Anchored by Harbor Freight in a shopping center with ample parking.; - High-traffic location on U.S. Highway 51 (22,805 AADT).; - Outparcel drive-thru opportunity available.
    (901) 661-9775
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    887 Highway 51 S Covington, TN 38019
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    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
    887 Highway 51 S Covington, TN 38019
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