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    110 Holly Grove Rd Covington, TN 38019

    For Sale
    Contact for pricing

    8.4 Acres, Highway Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8.4-acre commercial development site presents a unique investment opportunity in Covington, Tennessee. Strategically located on the western side of the northwest corner of US Highway 51 and Holly Grove Road, this property enjoys unparalleled visibility and accessibility. Its Highway Commercial zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high-traffic exposure. The site's advantageous position is further enhanced by its proximity to major retail anchors, including Home Depot and Walmart Supercenter, ensuring a robust customer base. Nearby businesses include Hibbett Sports, Maurice's, Cricket Wireless, Burger King, Zaxby's, Goodwill, Cato, AT&T, Domino's Pizza, Murphy USA, Applebee's, and IHOP, creating a thriving commercial environment. This prime location offers significant potential for developers seeking to capitalize on the strong retail presence and high traffic volume in this rapidly growing area of Tipton County. The property's size and zoning provide ample flexibility for a variety of development projects, making it an attractive investment for both large and small-scale ventures. With its ideal location and zoning, this property represents a rare opportunity to establish a successful commercial enterprise in a high-demand market. The address is 110 Holly Grove Rd, Covington, TN 38019.

    Property Features for 110 Holly Grove Rd

    General Information

    Property type
    Land
    Lot Size
    365,904 SF

    HighLights

    • 8.4‑acre commercial development site in Covington, TN, at 110 Holly Grove Rd.
    • Highway Commercial zoning.
    • Excellent visibility and accessibility at the NW corner of US Highway 51 and Holly Grove Rd, adjacent to Home Depot and south of Walmart Supercenter.
    • Strong retail synergy with nearby businesses including Home Depot, Walmart, Hibbett Sports, and numerous national chains.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Primo Water Exchange Bottled Water Supplier Garden Center at The Home ... Garden Center Pro Desk at The Home ... Building Materials Store Truck Rental Center ... Truck Rental Agency Home Services at The Home ... Contractor

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.6677198
    Latitude
    35.5443622

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    FAQs

    What type of property is this?
    Land - 8.4 Acres, Highway Commercial Zoning
    Where is this land located?
    The property is located at 110 Holly Grove Rd Covington, TN.
    What are key features of this property?
    This property features: 8.4-acre commercial development site in Covington, TN, at 110 Holly Grove Rd.; Highway Commercial zoning.; Excellent visibility and accessibility at the NW corner of US Highway 51 and Holly Grove Rd, adjacent to Home Depot and south of Walmart Supercenter.
    Request Owner's contact information
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    Covington, TN 38019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Holly Grove Rd Covington, TN 38019
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