881 Highway 51 S, Covington, TN 38019
- Retail space
- 17,466 SF
- 0.65 lot acres
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 type
- Retail space
- APN
- 084041J A 03902
- APU
- 084041JA03902
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 12, 2023 | — | Pongskul Properties LLC | Jackie Delashmit | Warranty Deed | — |
| Aug 16, 2018 | — | Jackie W Delashmit | — | Deed · related | — |
| Dec 1, 2005 | $100,000 | Jackie Delashmit | Delashmit,jackie | Quit Claim Deed · related | $200k · First State Bank |
| Dec 1, 2005 | — | Jackie Delashmit | Delashmit,jackie | Quit Claim Deed · related | — |
| May 12, 2003 | $250,000 | Jackie Etal Delashmit | Mccool,kenneth A | Grant Deed | — |
| May 14, 2002 | $450,000 | James Miller | Mccool,kenneth | Grant Deed | — |
| Apr 4, 1988 | $12,500 | Kenneth A Mccool | Unknown | Grant Deed | — |
| — | — | Jackie W Delashmit | — | Deed Of Trust · related | $850k · Banktennessee |
| — | — | Jackie Delashmit | — | Deed Of Trust · related | $50k · Banktennessee |
| — | — | Jackie Delashmit | — | Deed Of Trust · related | $101k · First State Bank |
| — | — | Jackie W Delashmit | — | Loan Modification · related | — |
| — | — | Jackie Delashmit | — | Deed Of Trust · related | $484k · First Citizens National Bank |
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
-
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
