Covington Shopping Center Retail
For Sale
Contact for pricing
975 Hwy 51 S, Covington, TN 38019
72,000 SF three-tenant shopping center with development potential.
Property Size72,554 SF
Lot Size11.44 Acres
Days on Market104
Property Features for 975 Hwy 51 S
General Information
Standard status
Active
Size
72,554 SF
Lot size
11.44 Acres
Property subtype
Retail
Listing Agency:
Atlanta
(678) 701-2938
Listed By:
Henry Kushner · License #365320
(678) 701-2938
Source:
Colliers
Added: May 14
Changed: Aug 23
Last Checked: Aug 25 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlanta
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
86k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 36%
Home Improvements & Furnishings 10%
Apparel 9%
McDonald's
Dining
19,107 visits/mo
0.5 miles
Five Below
Shops & Services
10,320 visits/mo
0.1 miles
Dollar Tree
Shops & Services
9,947 visits/mo
0.1 miles
Dollar General
Shops & Services
9,054 visits/mo
0.3 miles
Jack's Family Restaurants
Dining
9,002 visits/mo
0.3 miles
Demographics for 38019, TN
15,129
Population
6,543
Households
2.3
Avg Household Size
40
Median Age
15%
College-Educated
88%
High-School Grad
140.6 sq mi
ZIP Area
108
Density / Sq Mi
$59,957
Median Household Income
$38,118
Median Earnings
$912
Median Rent
$195,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Park Plaza — 877 U.S. 51 S, Covington, TN 38019
- North Plaza Shopping Center — Covington, TN 38019
Frequently Asked Questions
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 Hwy 51 S Covington, TN.
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.
