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Industrial Property with Shell Building
For Sale
$650,000

888 HWY 51, Covington, TN 38019

Commercial/Industrial, Covington, TN

Property Size18,900 SF
Lot Size6.20 Acres
Price / SF$34.39
Days on Market294

Property Features for 888 HWY 51

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active
Lot size 6.20 Acres

Taxes and HOA fees

Tax Annual Amount 1859

Building Details

Year built 1982
Listing Agency: MidSouth Residential, LLC
Listed By: Lisa Uttz
Added: Jan 7 Changed: Oct 1 Last Checked: Oct 28 at 5:06AM
MLS# 10212315

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.

Rey
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Investment Insights

Based on property information with market context.

This industrial property encompasses 6.2 acres with an 18,900-square-foot building currently in shell condition. The site contains 270,072 square feet of land, providing a substantial footprint for an industrial property with existing improvements.

The property is located at 888 Highway 51 in Covington, Tennessee, within Tipton County. The building was constructed in 1982 and remains an unfinished shell, offering an existing structure on the acreage rather than a vacant land-only site.

Key Highlights

  • 6.2 acres of industrial property
  • 18,900‑square‑foot building in shell condition
  • 270,072‑square‑foot lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Garden Center Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Bakery

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

285
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial property - Land includes an existing unfinished structure.
Where is this industrial property located?
The property is located at 888 HWY 51 Covington, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6.2 acres of industrial property; 18,900‑square‑foot building in shell condition; 270,072‑square‑foot lot
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