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    1618 Highway 51 Covington, TN 38019

    For Lease
    Contact for pricing

    Prime Retail Space, 1500 sq ft, Covington, TN

    Lot size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,500 square foot retail space is perfectly situated in a thriving Covington, TN shopping center on Highway 51 South. The property benefits from a prime location shadow-anchored by a Walmart, ensuring high visibility and consistent foot traffic. Surrounded by other national retailers, this inline unit offers excellent exposure to a substantial customer base. The space is adaptable and can accommodate a variety of retail or service businesses. The building itself is modern and well-maintained, featuring a spacious and customizable interior layout. Ample signage opportunities are available to maximize brand visibility. The property also boasts secure and well-lit premises, ensuring a safe and comfortable environment for both employees and customers. High-speed internet and modern utilities are included, providing a seamless operational experience. The daily traffic count (DTC) in the area is 19,837, underscoring the significant potential for customer engagement. This is an unparalleled opportunity for businesses seeking a high-traffic, high-visibility location in a bustling commercial area. The space is available for multiple tenants. The property type is classified as Retail and Office, with subtypes including Traditional Office, Creative Office, Medical Office, Coworking, and Executive Office. Located in Tipton County, this property presents a compelling investment opportunity.

    Property Features for 1618 Highway 51

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,500 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,500 SF

    HighLights

    • 1,500 sq. ft. retail space available in Covington, TN.
    • Prime Highway 51 S location in Covington, TN.
    • Shadow‑anchored by Walmart.
    • Daytime population (DTC) of 19,837.
    • Customizable interior layout.
    • High visibility with ample signage opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Agriculture Funding Agricultural Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.6620748
    Latitude
    35.5443326

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    FAQs

    What type of property is this?
    Coworking space - Prime Retail Space, 1500 sq ft, Covington, TN
    Where is this coworking space located?
    The property is located at 1618 Highway 51 Covington, TN.
    What are key features of this property?
    This property features: 1,500 sq. ft. retail space available in Covington, TN.; Prime Highway 51 S location in Covington, TN.; Shadow-anchored by Walmart.
    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
    1618 Highway 51 Covington, TN 38019
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