973 51 Covington, TN 38019
North Plaza Shopping Center, located at 973 U.S. 51 N in Covington, Tennessee (Lauderdale County, zip code 38019), offers a prime retail opportunity. This established shopping center features a total of 29,640 square feet of commercial space, currently offering 3,200 square feet of vacant space for lease. The available space is ideal for a variety of retail or restaurant uses, with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 1,600 square feet. The property is categorized as multi-tenant. Its convenient location in Covington, TN provides excellent visibility and accessibility for businesses seeking a strong presence in this thriving community. The property is situated at latitude 35.7416428 and longitude -89.5560475. This is an exceptional opportunity for businesses looking to establish or expand their operations in a well-established shopping center. Serious inquiries are encouraged to explore this promising retail space. The property is classified as retail and restaurant space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.