Neighborhood Shopping Center For
For Sale
Contact for pricing
2940 Covington Pike, Memphis, TN 38128
Neighborhood shopping center with strong co-tenancy and drive-thru opportunity.
Property Size37,246 SF
Days on Market167
Property Features for 2940 Covington Pike
General Information
Standard status
Active
Size
37,246 SF
Property subtype
Retail
Building Details
Building Size
37,246 SF
Properties For Sale
at 2940 Covington Pike Contact us- Size
- 3,971 SF
- Type
- Strip Center
- Term
- Negotiable
2922
- Size
- 1,400 SF
- Type
- Strip Center
- Term
- Negotiable
2942
- Size
- 2,800 SF
- Type
- Strip Center
- Term
- Negotiable
2946
- Size
- 1,400 SF
- Type
- Strip Center
- Term
- Negotiable
2950
- Size
- 5,300 SF
- Type
- Strip Center
- Term
- Negotiable
2958
- Size
- 1,275 SF
- Type
- Strip Center
- Term
- Negotiable
2962
- Size
- 570 SF
- Type
- Strip Center
- Term
- Negotiable
5974
Show more
Listing Agency:
Jones Aur Commercial Real Estate | Memphis
(901) 871-3940
Listed By:
Grady Cotham
(901) 871-3940
Source:
Jonesaur
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 20 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jones Aur Commercial Real Estate | Memphis
Investment Insights
Based on property information with market context.
This neighborhood shopping center is located at the intersection of Covington Pike and Stage Road, offering excellent visibility and access from both thoroughfares. The property benefits from ample parking with a large parking field directly in front of the center. Strong co-tenancy includes First Horizon, Dollar General, Davita, Goodwill, Metro by T-Mobile, and Subway. A drive-thru opportunity is available with lanes on both sides of the outparcel. Area retailers include Home Depot, Burlington Coat Factory, Marshalls, Walgreens, AutoZone, Captain D’s, and Taco Bell. Traffic counts are 18,430 AADT on Stage Road and 24,363 AADT on Covington Pike.
Key Highlights
- Excellent visibility and access from both Stage Road and Covington Pike
- Strong co‑tenancy with First Horizon, Dollar General, Davita, Goodwill, Metro by T‑Mobile, and Subway
- Ample parking with a large parking field directly in front of the center
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
164k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 33%
Home Improvements & Furnishings 22%
Shops & Services 21%
Dining 19%
The Home Depot
Home Improvements & Furnishings
33,732 visits/mo
0.4 miles
Marshalls
Apparel
33,197 visits/mo
0.2 miles
Burlington
Apparel
21,086 visits/mo
0.1 miles
Circle K
Shops & Services
16,340 visits/mo
0.1 miles
Taco Bell
Dining
15,382 visits/mo
0.2 miles
Demographics for 38128, TN
43,197
Population
18,388
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
85%
High-School Grad
23.6 sq mi
ZIP Area
1,830
Density / Sq Mi
$43,166
Median Household Income
$32,429
Median Earnings
$1,150
Median Rent
$123,900
Median Home Value
Market
Vacancy Rate% for Retail in Memphis, TN
Questions? Ask Rey
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Similar Off Market Nearby
- Plaza I — 2542 Covington Pike, Memphis, TN 38128
- Bigbobarbershop — 4970 Raleigh Lagrange Rd #7, Memphis, TN 38128
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center with strong co-tenancy and drive-thru opportunity.
Where is this shopping center located?
The property is located at 2940 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; Strong co‑tenancy with First Horizon, Dollar General, Davita, Goodwill, Metro by T‑Mobile, and Subway; Ample parking with a large parking field directly in front of the center
