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Covington, TN

Retail

Covington, TN Retail Properties & Spaces for Sale

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Henning, TN Brighton, TN Mason, TN Ripley, TN Burlison, TN Atoka, TN Stanton, TN Buchanan, TN

Retail and Restaurant Investment Opportunity

Updated: Feb 18

Retail and Restaurant Investment Opportunity

928 Hwy 51 S, Covington, TN 38019

Contact for pricing

9,040 sqft

Standalone Restaurant Space (1,440 SF) offers potential for owner‑occupancy.
Two Leased Retail Spaces (5,000 SF & 2,600 SF) providing immediate income.
Total building square footage of 9,040 SF.
Investment opportunity with existing tenants.
Priced at $710,000.

Covington Shopping Center Retail Opportunity

Updated: May 11

Covington Shopping Center Retail Opportunity

975 Highway 51 South Covington, TN, Covington, TN 38019

Contact for pricing

72,554 sqft 11.44 AC lot

High‑visibility location on Highway 51 with over 26,000 vehicles per day.
Value‑add opportunity to develop an additional +/- 0.67‑acre pad site for approximately 5,100 SF of retail space.
Located in the heart of the retail corridor, surrounded by national retailers.
Robust parking field with 499 stalls.
Located in Covington, TN, the county seat of Tipton County, approximately 35 miles north of downtown Memphis.

Recently Renovated Retail Space

Recently Renovated Retail Space

802 Hwy 51 S, Covington, TN 38019

Contact for pricing

2,811 sqft

Recently renovated retail space offered for sale in the Memphis MSA.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Commercial Building in Covington, TN

Commercial Building in Covington, TN

217 US-51, Covington, TN

Contact for pricing

7,154 sqft 0.36 AC lot

Commercial building and business for sale near Ford Blue Oval.

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Covington, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Turnkey Convenience Restaurant With Drive-Through

Turnkey Convenience Restaurant With Drive-Through

500 S WASHINGTON St, Ripley, TN 38063

$1,375,000

Turnkey commercial kitchen and retail space with a 9-door cooler and drive-through window for added customer convenience.

Commercial Building with Drive-Thru

Commercial Building with Drive-Thru

334 S WASHINGTON St, Ripley, TN 38063

$189,000

0.29 AC lot

Commercial building in Ripley, TN, with drive-thru window.

Fully Occupied Commercial Strip Mall

Fully Occupied Commercial Strip Mall

192 Washington St, Ripley, TN 38063

Contact for pricing

12,200 sqft

Prime commercial strip mall with stable income in thriving area.

Commercial Building in Ripley, TN

Commercial Building in Ripley, TN

334 S WASHINGTON St, Ripley, TN 38063

$189,000

Commercial building in central business district, suitable for various uses.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Covington Commercial Land For Sale

Covington Commercial Land For Sale

888 HWY 51, Covington, TN 38019

$850,000

18,900 sqft 6.20 AC lot

6.2 acres of commercial land with existing building.

Vacant Corner Land for Development

Vacant Corner Land for Development

513 GARLAND Ave, Covington, TN 38019

$374,000

2.85 AC lot

Two vacant lots with frontage extending to a Garland Avenue corner, suitable for new business development.

Land For Sale in Covington

Land For Sale in Covington

N MUNFORD St, Covington, TN 38019

Contact for pricing

0.14 AC lot

Commercial land available in Covington, Tennessee.

Covington, TN Land For Sale

Covington, TN Land For Sale

N MUNFORD St, Covington, TN 38019

Contact for pricing

0.12 AC lot

Land parcel available in Covington, Tennessee.

Off-Market Properties in Covington, TN

Consider similar Off-Market properties in Covington, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

113 Ct W Sq

RETAIL STORES (PERSONAL SERVICES)

113 Ct W Sq, Covington, TN 38019-2507

Value Estimation by Request

1,105 sqft 0.03 AC lot

416 Hwy 51st N

DRIVE-THRU RESTAURANT, FAST FOOD

416 Hwy 51st N, Covington, TN 38019-2363

$1,140,000

Estimated value

4,112 sqft 2.04 AC lot

899 Hwy 51

RETAIL STORES (PERSONAL SERVICES)

899 Hwy 51, Covington, TN 38019

$830,000

Estimated value

8,582 sqft 0.43 AC lot

899 Hwy 51st N

RESTAURANT

899 Hwy 51st N, Covington, TN 38019-1710

$760,000

Estimated value

5,924 sqft 1.60 AC lot

215 Hwy 51st S

RETAIL STORES (PERSONAL SERVICES)

215 Hwy 51st S, Covington, TN 38019-2419

Value Estimation by Request

1,456 sqft 0.55 AC lot

3399 Hwy 51st S

RETAIL STORES (PERSONAL SERVICES)

3399 Hwy 51st S, Covington, TN 38019-3651

Value Estimation by Request

1,260 sqft 0.81 AC lot

1035 Hwy 51st S

RETAIL STORES (PERSONAL SERVICES)

1035 Hwy 51st S, Covington, TN 38019-3236

Value Estimation by Request

777 sqft 1.28 AC lot

120 Pleasant Ave

RETAIL STORES (PERSONAL SERVICES)

120 Pleasant Ave, Covington, TN 38019-2536

Value Estimation by Request

975 sqft

712 Hwy 51st N

DRIVE-THRU RESTAURANT, FAST FOOD

712 Hwy 51st N, Covington, TN 38019-2035

$1,220,000

Estimated value

2,024 sqft 0.89 AC lot

880 Hwy 51st N

RETAIL STORES (PERSONAL SERVICES)

880 Hwy 51st N, Covington, TN 38019-1704

$685,000

Estimated value

3,400 sqft 0.87 AC lot

110 Star Shopping Ctr St

RETAIL STORES (PERSONAL SERVICES)

110 Star Shopping Ctr St, Covington, TN 38019-3000

Value Estimation by Request

2,782 sqft 0.07 AC lot

124 Pleasant Ave

RETAIL STORES (PERSONAL SERVICES)

124 Pleasant Ave, Covington, TN 38019-2536

Value Estimation by Request

650 sqft 0.09 AC lot

967 Hwy 51st N

DRIVE-THRU RESTAURANT, FAST FOOD

967 Hwy 51st N, Covington, TN 38019-1523

Value Estimation by Request

612 sqft 0.43 AC lot

100 Star Shopping Ctr St

RETAIL STORES (PERSONAL SERVICES)

100 Star Shopping Ctr St, Covington, TN 38019-3000

$520,000

Estimated value

10,610 sqft 0.25 AC lot

1012 Hwy 51st N

RETAIL STORES (PERSONAL SERVICES)

1012 Hwy 51st N, Covington, TN 38019-1521

Value Estimation by Request

3,064 sqft 0.68 AC lot

1704 Hwy 51st S

RETAIL STORES (PERSONAL SERVICES)

1704 Hwy 51st S, Covington, TN 38019-3621

Value Estimation by Request

1,313 sqft 0.09 AC lot

106 Liberty Ave

RETAIL STORES (PERSONAL SERVICES)

106 Liberty Ave, Covington, TN 38019-2510

Value Estimation by Request

3,818 sqft 0.04 AC lot

118 Pleasant Ave

RETAIL STORES (PERSONAL SERVICES)

118 Pleasant Ave, Covington, TN 38019-2536

Value Estimation by Request

1,800 sqft 0.06 AC lot

9 Gaines Rd

RETAIL STORES (PERSONAL SERVICES)

9 Gaines Rd, Covington, TN 38019

Value Estimation by Request

1,824 sqft 0.16 AC lot

Hwy 51st N

RETAIL STORES (PERSONAL SERVICES)

Hwy 51st N, Covington, TN 38019

Value Estimation by Request

6,500 sqft 0.76 AC lot

Covington, TN Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Covington, TN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 91,559 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 16K

Population Growth (5Y) -1.5%

Median Household Income $59,957

College Educated 20.2%

High-Yield Neighborhoods for Investment

Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
38019	$2M

Taxes & Financing

Tax Rate (average for all types) 2.97%

Property Tax per SF $59.62 per SF

Average Loan-to-Value 65.0%

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