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Strip Mall with Dual Road Access
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2974 Covington Pike, Memphis, TN 38134

Strip mall with access from Stage Road and Covington Pike and a large on-site parking field.

Space SizeContact for details
Property Size570 SF
Days on Market590

Property Features for 2974 Covington Pike

General Information

Standard status Active
Size 570 SF
Property subtype RETAIL

Additional Details

Road Access Yes
Listing Agency: Jones Aur Commercial Real Estate | Memphis
Listed By: Dustin Jones
Source: Moodyscre
Added: Dec 24, 2024 Changed: Jul 30 Last Checked: Aug 6 at 7:04AM

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 strip mall offers rental-ready space with excellent visibility and access from both Stage Road and Covington Pike. The property includes a large parking field designed for convenient customer drop-off and on-site circulation. Total property size is 570 SF.

Traffic exposure is a key feature, with Stage Rd traffic counted at 22,515 AADT and Covington Pike traffic counted at 25,129 AADT. The surrounding retail mix is anchored by major national brands and frequent day-to-day retailers, including CVS, Burlington, Dollar General, McDonald's, Wendy's, Superlo Foods, Sam's Club, Walgreens, Kroger, ALDI, and many more.

With convenient drive-up access and parking, the space is well suited for retail operators that benefit from strong roadway visibility and a customer-friendly site layout.

Key Highlights

  • Access and visibility from Stage Road and Covington Pike
  • Large parking field for customer convenience
  • Stage Rd traffic count: 22,515 AADT

Property Analytics

Current Use

J R Fish ... Restaurant Captain JJ Fish ... Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Big Box & Wholesale Store Spa & Massage 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.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

594
Businesses Nearby
171k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 54% Shops & Services 34% Dining 13%
Sam's Club Superstores
91,729 visits/mo 0.1 miles
Sam's Club Gas Station Shops & Services
33,176 visits/mo 0.1 miles
McDonald's Dining
21,333 visits/mo 0.1 miles
Dollar General Shops & Services
7,555 visits/mo 0.4 miles
Mobil Shops & Services
6,899 visits/mo 0.2 miles

Demographics for 38134, TN

41,760
Population
15,685
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
86%
High-School Grad
18.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$61,172
Median Household Income
$39,185
Median Earnings
$1,147
Median Rent
$184,400
Median Home Value

Market

Vacancy Rate% for Retail in Memphis, TN

6.5% 2019
6.9% 2020
6.3% 2021
4.9% 2022
5% 2023
5.2% 2024
6.8% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Strip mall with access from Stage Road and Covington Pike and a large on-site parking field.
Where is this strip mall located?
The property is located at 2974 Covington Pike Memphis, TN.
What are key features of this property?
This property features: Access and visibility from Stage Road and Covington Pike; Large parking field for customer convenience; Stage Rd traffic count: 22,515 AADT
(901) 581-5049 Call to check price and availability
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