Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    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

    Nearby Comparable

    • Contact for pricing
      1,500 SF

      Retail Space Near Walmart

      Highway 51 retail space shadow-anchored by Walmart.
      1618 Tn-3, Covington, TN
      View Details
    • $14 SF/Yr
      2,776 SF

      Covington Restaurant - Hwy 51 N

      Prime Covington Restaurant Space. High-traffic location.
      829 Us-51, Covington, TN 38019
      View Details
    • Contact for pricing

      Retail Opportunity Near Ford Plant

      Retail spaces and drive-thru opportunity near Ford BlueOval City.
      887 Highway 51 S, Covington, TN 38019
      View Details
    • Contact for pricing
      34,380 SF

      Renovated Retail Space Available

      Renovated retail space with strong co-tenancy and high visibility.
      975 Highway 51 N, Covington, TN 38019
      View Details
    • Contact for pricing
      1,500 SF

      Covington Retail Space - Highway 51

      Prime Retail Space, 1500 sq ft, Covington, TN
      1618 Highway 51, Covington, TN 38019
      View Details
    • Contact for pricing
      186,240 SF

      Newly Rebuilt Industrial Property

      Recently rebuilt industrial property with new office space for lease.
      1 Delfield Dr, Covington, TN 38019
      View Details
    • Contact for pricing
      1,822 SF

      Versatile Commercial Space in Brighton

      Adaptable space suitable for retail, office, or restaurant use.
      7615 Highway 51, Brighton, TN 38011
      View Details
    • $17 SF/Yr
      1,950 SF

      Move-in Ready Medical Space Available

      Medical office space for lease in Atoka, Tennessee.
      36 Capital Way, Atoka, TN 38004
      View Details
    • Contact for pricing
      3,800 SF

      Atoka Retail Space For Lease

      High-traffic location, 1,400 sq ft available.
      11124 Highway 51, Atoka, TN 38004
      View Details
    • Contact for pricing
      43,560 SF

      Prime Ripley Commercial Land

      Highway 51 Acreage - High Visibility
      0 Us-51, Ripley, TN 38063
      View Details
    • $6 SF/Yr
      8,320 SF

      Downtown Ripley Retail Space

      Prime 8,320 SF Retail Building
      180 Washington St, Ripley, TN 38063
      View Details
    • Contact for pricing
      6,150 SF

      Arlington Executive Office Suites

      Prestigious Office Space, 3 Suites Available
      6225 Greenlee St, Arlington, TN 38002
      View Details

    Nearby Similar for Lease

    • Contact for pricing
      1,500 SF

      Covington Retail Space - Highway 51

      Prime Retail Space, 1500 sq ft, Covington, TN
      1618 Highway 51, Covington, TN 38019
      View Details
    • Contact for pricing

      Retail Opportunity Near Ford Plant

      Retail spaces and drive-thru opportunity near Ford BlueOval City.
      887 Highway 51 S, Covington, TN 38019
      View Details
    • $14 SF/Yr
      2,776 SF

      Covington Restaurant - Hwy 51 N

      Prime Covington Restaurant Space. High-traffic location.
      829 Us-51, Covington, TN 38019
      View Details
    • Contact for pricing
      34,380 SF

      Renovated Retail Space Available

      Renovated retail space with strong co-tenancy and high visibility.
      975 Highway 51 N, Covington, TN 38019
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Walmart

      Highway 51 retail space shadow-anchored by Walmart.
      1618 Tn-3, Covington, TN
      View Details
    • Contact for pricing
      186,240 SF

      Newly Rebuilt Industrial Property

      Recently rebuilt industrial property with new office space for lease.
      1 Delfield Dr, Covington, TN 38019
      View Details

    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
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    881 Highway 51
    Covington, TN 38019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.