3081 Covington Pike Memphis, TN 38128

Property Details for 3081 Covington Pike

Year built

1979

Lot size

1.00 lot acres

Property size

5,762 SF

Zone code

CMU-2

Property type

Turn key restaurants

APN

087-053- - -00036

APU

8705300036

Description

This exceptional 5,762-square-foot freestanding restaurant building presents a compelling investment opportunity in Memphis, Tennessee. Situated on a sizable 1.2-acre lot at 3081 Covington Pike, this property boasts a prime location within a thriving retail corridor. The building's previous use as a Shoney's restaurant provides a solid foundation for a variety of food service concepts or potential redevelopment. Its strategic placement ensures high visibility and accessibility, benefiting from significant traffic counts on Covington Pike (36,474 AADT) and Stage Road (29,667 AADT). The property enjoys excellent proximity to established national and regional brands, including Captain D's, Taco Bell, Home Depot, Burlington, Marshalls, Aaron's, CVS, Walgreens, Starbucks, Piccadilly, AutoZone, Dollar General, and Subway, creating a synergistic retail environment. This location offers substantial potential for a new owner to capitalize on the existing infrastructure and strong surrounding commercial activity. The property is being offered for sale and presents a rare chance to acquire a well-positioned restaurant space in a high-traffic area of Memphis. The 1.2-acre lot allows for ample parking and potential for future expansion or outdoor seating. This is an ideal opportunity for an experienced restaurateur or investor seeking a high-visibility location with strong demographics.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-89.8951

Latitude

35.2097

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments