2444 Covington Pike Memphis, TN 38128-6908
- Auto shops
- 512 SF
- 1.32 lot acres
Current Use by Public Records
- U.S. Auto Sales / Car Dealer / Car Finance And Loan Company
Property Details for 2444 Covington Pike
- Year built
- 1987
- Lot size
- 1.32 lot acres
- Property size
- 512 SF
- Zone code
- CMU-3
- Property type
- Auto shops
- APN
- 088-031- - -00045
- APU
- 8803100045
Description
This exceptional investment opportunity presents a prime mixed-use property ideally suited for an auto dealership or similar business. Located at 2444-2466 Covington Pike in Memphis, Tennessee, this property boasts a highly visible location near a major intersection, ensuring significant traffic exposure. The offering includes two freestanding buildings, totaling approximately 3,159 net rentable square feet, constructed in 1979 and 1987, with significant renovations completed in 2017. Each building features offices, restrooms, and drive-in bays, perfectly designed for automotive services. The property sits on a nearly two-acre lot (1.82 acres), providing ample space for vehicle display – approximately 60 spaces are available. Two dedicated detailing bays are also included. The property benefits from a fully fenced perimeter, two convenient curb cuts for easy access, and a newer roof and HVAC system. Currently operating as a successful, owner-operated, high-end pre-owned auto dealership, this property is being offered for sale as the owner is downsizing their operations. The asking price is $1,350,000, and owner financing may be considered. Lease options are also available. The sale includes only the land and buildings
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $235,000
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Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8949
- Latitude
- 35.192
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
