Restaurant Building in Raleigh
For Sale
Contact for pricing
3081 Covington Pike, Memphis, TN 38128
Freestanding 5,762 SF restaurant on 1.2 acres for sale.
Property SizeContact for details
Days on Market259
Property Features for 3081 Covington Pike
General Information
Standard status
Active
Property subtype
Single Tenant or Freestanding Building
Listing Agency:
TSCG The Shopping Center Group Memphis
(901) 334-5702
Listed By:
Shawn Massey, CCIM, CRRP, ALC · License #372782
Source:
Tscg
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: May 8 at 11:44PM
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 TSCG The Shopping Center Group Memphis
Investment Insights
Based on property information with market context.
This is a 5,762 square-foot freestanding restaurant building situated on a 1.2-acre lot. It is located on the west side of Covington Pike, just north of its intersection with Stage Road, in the Raleigh Trade Area of Memphis, Tennessee. The property is positioned adjacent to Captain D's and Taco Bell. The surrounding area features a variety of retailers, including Home Depot, Burlington, Marshalls, Aaron's, CVS, Walgreens, Starbucks, Piccadilly, AutoZone, Dollar General and Subway. Traffic counts indicate 36,474 AADT on Covington Pike and 29,667 AADT on Stage Road. The property is suitable for restaurant or retail use.
Key Highlights
- High Traffic Location: Covington Pike and Stage Road
- Freestanding Restaurant Building: 5,762 SF on 1.2 Acres
- Prime Location in Raleigh Trade Area of Memphis, Tennessee
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
417
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
0.3 miles
Marshalls
Apparel
33,197 visits/mo
0.2 miles
Burlington
Apparel
21,086 visits/mo
0.3 miles
Circle K
Shops & Services
16,340 visits/mo
0.3 miles
Taco Bell
Dining
15,382 visits/mo
0.1 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
- Food For Thought Specialized Catering — 3154 Raleigh Ridge Dr, Memphis, TN 38128
- let's be frank — 2764 Baywood Dr, Memphis, TN 38134
- Mobile Wings & Catering — 4757 Northfield Cir, Memphis, TN 38128
Frequently Asked Questions
What type of property is this?
Restaurant - Freestanding 5,762 SF restaurant on 1.2 acres for sale.
Where is this restaurant located?
The property is located at 3081 Covington Pike Memphis, TN.
What are key features of this property?
This property features: High Traffic Location: Covington Pike and Stage Road; Freestanding Restaurant Building: **5,762 SF on 1.2 Acres**; Prime Location in Raleigh Trade Area of Memphis, Tennessee
