975 Highway 51 South Covington TN Covington, TN 38019

Building Details

Year Built

1991

Listing office Colliers - Atlanta, Georgia

Listing date May 11, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

Covington Shopping Center is a 72,000 square-foot, three-tenant shopping center located in Covington, Tennessee. Situated along Highway 51, a high-visibility corridor with over 26,000 vehicles per day, the property is in the heart of the retail corridor. Nearby retailers include Home Depot, Walmart, and Five Below. The shopping center spans 11.44 acres and includes 499 parking stalls. There is an opportunity to develop an additional pad site of approximately 0.67 acres, which could support the construction of an additional 5,100 square feet of retail space. Covington serves as the county seat of Tipton County and is located along the Highway 51 corridor, approximately 35 miles north of downtown Memphis. As part of the greater Memphis MSA, Covington benefits from the region's logistics, distribution, and agricultural economy while maintaining a strong small-town commercial core.

Key Highlights

• High‑visibility location on Highway 51 with over 26,000 vehicles per day.
• Value‑add opportunity to develop an additional +/- 0.67‑acre pad site for approximately 5,100 SF of retail space.
• Located in the heart of the retail corridor, surrounded by national retailers.

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FAQs

What type of property is this?

Shopping center - 72,000 SF three-tenant shopping center with development potential.

Where is this shopping center located?

The property is located at 975 Highway 51 South Covington TN Covington, TN.

What is the asking price?

The asking price for this property is $5,149,928.

What are key features of this property?

This property features: High‑visibility location on Highway 51 with over 26,000 vehicles per day.; Value‑add opportunity to develop an additional +/- 0.67‑acre pad site for approximately 5,100 SF of retail space.; Located in the heart of the retail corridor, surrounded by national retailers.