Building Details

Year built 1989

Listing Agency: MidSouth Residential, LLC b***@gmail.com Show Phone

Listed By: Lisa Uttz Show Phone

Added: Apr 14 Changed: Aug 19 Last Checked: Aug 29 at 9:06PM

Report an Issue

MLS# 10219239

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1.41-acre commercial land parcel is located at 1602 HWY 51 S in Covington, Tennessee. The property carries a commercial land classification and is positioned across from Walmart at a traffic signal.

The site’s address places it along HWY 51 S in Tipton County, with Walmart directly across the roadway. The signalized setting and commercial surroundings provide clear context for evaluating the parcel for future business development.

Key Highlights

• 1.41 acres of commercial land
• Across from Walmart
• Located at a traffic signal

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Hair Salon Auto Parts Store Nail Salon Spa & Massage Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

210

Businesses Nearby

Explore this area Business Placement

Demographics for 38019, TN

15,129

Population

6,543

Households

2.3

Avg Household Size

40

Median Age

15%

College-Educated

88%

High-School Grad

140.6 sq mi

ZIP Area

108

Density / Sq Mi

$59,957

Median Household Income

$38,118

Median Earnings

$912

Median Rent

$195,400

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Multi-Tenant Storefront Building

711 N Main St, Covington, TN 38019

$650,000

4,026 SF

View details

Warehouse Complex with Office Space

2425 Rialto Road, Covington, TN 38019

$899,000

23,486 SF

View details

Mixed-Use Building with Penthouse

107 /109 Pleasant Ave, Covington, TN 38019

$550,000

10,000 SF

View details

Brick Strip Mall

711 N Main St, Covington, TN 38019

$650,000

0.51 Acres

View details

Medical Building with Exam Rooms

1721 Highway 51 S, Covington, TN 38019

$399,000

2,000 SF

View details

Medical Office with Exam Rooms

1721 Highway 51 S, Covington, TN 38019

$399,000

1.00 Acre

View details

Retail and Restaurant Investment Opportunity

928 Hwy 51 S, Covington, TN 38019

Contact for pricing

9,040 SF

View details

Covington Shopping Center Retail Opportunity

975 Hwy 51 S, Covington, TN 38019

Contact for pricing

72,554 SF

View details

126,585 SF Industrial Facility

190 Mill Rd, Covington, TN

Contact for pricing

126,585 SF

View details

24 Acres of Farmland

1622 SANFORD Rd, Covington, TN 38019

$204,000

24.00 Acres

View details

Industrial Property with Shell Building

888 HWY 51, Covington, TN 38019

$850,000

View details

Family Farm with Grain Silos

3920 Antioch Highway 51 Rd, Covington, TN 38019

$3,500,000

View details

Frequently Asked Questions

What type of property is this?

Commercial land - Highway 51 site opposite Walmart beside a traffic signal in Covington.

Where is this commercial land located?

The property is located at 1602 HWY 51 S Covington, TN.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 1.41 acres of commercial land; Across from Walmart; Located at a traffic signal