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    881 Highway 51 Covington, TN 38019

    Sponsored
    For Lease
    Contact for pricing

    Prime Hwy 51 Retail, Drive-Thru Available

    Lot size:
    17,466 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a 17,466 square foot building situated on a one-acre lot at 881 Highway 51 S in Covington, Tennessee. The property, built in 1969, features ample parking and is conveniently located directly on Highway 51, ensuring high visibility and accessibility for customers. Currently configured as a single, multi-tenant building, this outparcel offers 700 square feet of immediately available retail space with a drive-thru component. The property's location in Tipton County, Tennessee, provides access to a thriving local market. The one-acre lot offers significant potential for expansion or redevelopment, making it an ideal investment for both established businesses and new ventures seeking a high-traffic location. The property's existing infrastructure and prime highway frontage make it a compelling option for a variety of retail uses. This is a rare opportunity to acquire a well-positioned retail property in a growing market. The ample parking ensures convenient access for customers, further enhancing the property's appeal. The drive-thru capability adds significant value, catering to the demands of today's fast-paced consumer market. Don't miss this chance to secure a prominent retail presence in Covington, Tennessee.

    Property Features for 881 Highway 51

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,466 SF

    Building Details

    Year Built
    1969

    Unit(s) available at that property

    Space
    Proposed Outparcel Drive-Thru
    Size
    0 SF

    HighLights

    • 17,466 SF retail building on a 1‑acre lot, 881 Highway 51 S, Covington, TN. Built in 1969, ample parking.
    • Outparcel with 700 SF of immediately available retail space including a drive‑thru.
    • High‑traffic location on Highway 51, near Ford BlueOval City.
    • Strong tenant mix including Home Depot, Walmart, Walgreens, and Harbor Freight.
    • Highway 51 traffic count: 22,805 AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.6464548
    Latitude
    35.5642424

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    FAQs

    What type of property is this?
    Retail property - Prime Hwy 51 Retail, Drive-Thru Available
    Where is this retail property located?
    The property is located at 881 Highway 51 Covington, TN.
    What are key features of this property?
    This property features: 17,466 SF retail building on a 1-acre lot, 881 Highway 51 S, Covington, TN. Built in 1969, ample parking.; Outparcel with 700 SF of immediately available retail space including a drive-thru.; High-traffic location on Highway 51, near Ford BlueOval City.
    Request Owner's contact information
    881 Highway 51 Covington, TN 38019
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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
    881 Highway 51 Covington, TN 38019
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