Covington Springs Retail Suites
For Sale
Contact for pricing
3830-3854 Austin Peay Hwy, Memphis, TN 38128
Retail suites for sale in neighborhood shopping center.
Property Size41,160 SF
Days on Market167
Property Features for 3830-3854 Austin Peay Hwy
General Information
Standard status
Active
Size
41,160 SF
Class
B
Property subtype
Retail
Building Details
Building Size
41,160 SF
Year Built
1994
Properties For Sale
at 3830-3854 Austin Peay Hwy Contact us- Size
- 3,070 SF
- Term
- Negotiable
Suite 3850-4
- Size
- 1,960 SF
- Term
- Negotiable
Suite 3854-K-1
- Size
- 2,072 SF
- Term
- Negotiable
Suite 3854-K-2
Listing Agency:
Jones Aur
(901) 581-5049
Listed By:
Dustin Jones · License #TN #332179
(901) 581-5049
Source:
Jonesaur
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 20 at 5:07AM
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
Investment Insights
Based on property information with market context.
Multiple suites are available for purchase in Covington Springs, a neighborhood shopping center located off Austin Peay Highway. The center is a shadow center to Walmart and Kroger. It is in close proximity to new developments on Austin Peay Highway, including a newly constructed Chick-Fil-A, Starbucks, and Bojangles. The property is less than 2 miles from the new Raleigh Springs Civic Center, which includes the Austin Peay Police Station and the Raleigh Public Library. It is adjacent to Methodist North Hospital, a 246-bed facility recognized as one of the best hospitals in the Memphis Metro Area. Current tenants include Dollar Tree, Goodwill, CATO, American Deli, and Fresenius Kidney Care, among others. Traffic counts on Austin Peay Highway are 23,170 AADT.
Key Highlights
- Shadow center to Walmart and Kroger
- High traffic location on Austin Peay Highway (23,170 AADT)
- Adjacent to Methodist North Hospital (246 beds)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
230k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Shops & Services 25%
Dining 16%
Groceries 15%
Walmart
Superstores
87,439 visits/mo
0.3 miles
Kroger
Groceries
33,786 visits/mo
0.2 miles
Dollar Tree
Shops & Services
18,014 visits/mo
0.1 miles
Burger King
Dining
16,487 visits/mo
0.3 miles
Wendy's
Dining
14,935 visits/mo
0.3 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
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail suites for sale in neighborhood shopping center.
Where is this shopping center located?
The property is located at 3830-3854 Austin Peay Hwy Memphis, TN.
What are key features of this property?
This property features: Shadow center to Walmart and Kroger; High traffic location on Austin Peay Highway (23,170 AADT); Adjacent to Methodist North Hospital (246 beds)
