881 Highway 51 S Covington, TN 38019
Property Lookup
Property profile & analytics
881 Highway 51 S Covington, TN 38019
- Retail space
- 17,466 SF
- 0.65 lot acres
Property ID
US80-1281702
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 881 Highway 51 S
- Year built
- 1969
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.65 lot acres
- Property size
- 17,466 SF
- Property type
- Retail space
- APN
- 084041J A 03902
- APU
- 084041JA03902
Description
This exceptional retail opportunity presents a 17,466 square foot building situated on a one-acre lot at 881 Highway 51 S in Covington, Tennessee. The property, built in 1969, features ample parking and is conveniently located directly on Highway 51, ensuring high visibility and accessibility for customers. Currently configured as a single, multi-tenant building, this outparcel offers 700 square feet of immediately available retail space with a drive-thru component. The property's location in Tipton County, Tennessee, provides access to a thriving local market. The one-acre lot offers significant potential for expansion or redevelopment, making it an ideal investment for both established businesses and new ventures seeking a high-traffic location. The property's existing infrastructure and prime highway frontage make it a compelling option for a variety of retail uses. This is a rare opportunity to acquire a well-positioned retail property in a growing market. The ample parking ensures convenient access for customers, further enhancing the property's appeal. The drive-thru capability adds significant value, catering to the demands of today's fast-paced consumer market. Don't miss this chance to secure a prominent retail presence in Covington, Tennessee.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $700,000
Market price range: $498k - $1.64M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,030,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Tipton
- State
- Tennessee
- Longitude
- -89.6564
- Latitude
- 35.5556
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,065
$36,760
$158,760
$195,520
-
$91,900
$396,900
$488,800
