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    2974 Covington Pike Memphis, TN 38128

    Sponsored
    For Lease
    Contact for pricing

    Prime 570 SF Retail/Restaurant Space

    Lot size:
    570 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 570-square-foot retail or restaurant space is ideally situated at the corner of Covington Pike and Stage Road in Memphis, Tennessee. Located in Shelby County, this single-tenant property offers a fantastic opportunity for a variety of businesses. The building's entire 570 square feet is currently vacant, providing immediate occupancy for a new tenant. The property's "outparcel" designation suggests convenient access and high visibility from the street. Its location at a major intersection ensures significant foot and vehicle traffic, making it an attractive location for businesses seeking high exposure. The property is classified as both retail and restaurant-suitable, indicating its versatility and potential to accommodate a range of commercial uses. The address is 2974 Covington Pike, Memphis, TN 38128. This prime location presents a unique chance to establish a thriving business in a high-traffic area. The property's size makes it suitable for a smaller-scale operation or a satellite location for an existing business. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The property is ready for immediate occupancy.

    Property Features for 2974 Covington Pike

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    570 SF

    Unit(s) available at that property

    Space
    Outparcel
    Size
    570 SF

    HighLights

    • High visibility and convenient access from Stage Road and Covington Pike.
    • Extensive on‑site parking.
    • Strong tenant mix including national and regional retailers such as CVS, Burlington, Kroger, and many more.
    • High traffic counts: 22,515 AADT on Stage Road and 25,129 AADT on Covington Pike.
    Property Profile Location Intelligence

    Current Use by Public Records

    J R Fish ... Restaurant Captain JJ Fish ... Seafood Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.8940494
    Latitude
    35.2061498

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    FAQs

    What type of property is this?
    Restaurant - Prime 570 SF Retail/Restaurant Space
    Where is this restaurant located?
    The property is located at 2974 Covington Pike Memphis, TN.
    What are key features of this property?
    This property features: High visibility and convenient access from Stage Road and Covington Pike.; Extensive on-site parking.; Strong tenant mix including national and regional retailers such as CVS, Burlington, Kroger, and many more.
    Request Owner's contact information
    2974 Covington Pike Memphis, TN 38128
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    Memphis, TN 38128
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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
    2974 Covington Pike Memphis, TN 38128
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