Current Use by Public Records
- Retail properties & Spaces
Property Details for 217 Hwy 51 Hwy
- Year built
- 1950
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional commercial property, located at 217 N Hwy 51 Hwy in Covington, Tennessee, presents a rare investment opportunity. The property encompasses a 7,154 square foot building situated on a sizable 0.36-acre lot (15,682 sq ft). Built in 1950, the single-story structure currently operates as a thriving convenience store, offering immediate income potential. The asking price is $499,999, translating to $69.89 per square foot. The property's zoning allows for diverse uses, including retail, restaurant, mixed-use development, warehouse space, or even a medical facility. Its prime location on Highway 51 ensures high visibility and accessibility, further enhanced by its proximity to College Road. This versatile property is less than 30 minutes from the Ford Blue Oval site, adding significant long-term value. The property's APN is 025N 041C A01200. This is a turnkey opportunity to acquire a profitable business and a strategically located building with significant redevelopment potential in a growing area. The property offers a blend of immediate return and future growth prospects, making it an attractive investment for discerning buyers. Serious inquiries are encouraged to explore this unique opportunity further.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Tipton
- State
- Tennessee
- Longitude
- -89.6485
- Latitude
- 35.5661
