Shopping Center

Covington, TN Shopping Centers for Sale

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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.
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

Multi-Tenant Retail Shopping Center
Multi-Tenant Retail Shopping Center

251 W Main Street, Brownsville, TN 38012

$1,100,000
14,196 sqft 0.60 AC lot

Shopping center with 12 rental units, 75% occupied, and Domino's Pizza listed as an anchor tenant.

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Renovation Retail Center Opportunity
Renovation Retail Center Opportunity

8355 US-64, Memphis, TN 38133

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9,928 sqft

A 9,928 SF retail center offered for renovation, with potential for drive-through or single-tenant use.

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Wolfchase Area Premier Power Center
Wolfchase Area Premier Power Center

7930 Germantown Parkway, Memphis, TN 38133

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668,089 sqft

668,089 SF retail center in the Wolfchase trade area.

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Brownsville Retail Shopping Center Opportunity
Brownsville Retail Shopping Center Opportunity

323 E Main St, Brownsville, TN 38012

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81,570 sqft

81,570 SF retail center with value-add potential in Brownsville.

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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.

Arlington Land on Highway 70
Arlington Land on Highway 70

11850 US 70 Hwy, Arlington, TN 38002

$155,200
0.95 AC lot

0.95 acre lot zoned for shopping center use.

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Arlington Land For Sale
Arlington Land For Sale

11819 US 70 Hwy, Arlington, TN 38002

$283,573
1.86 AC lot

1.86 acre parcel zoned for shopping center use.

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Mixed-Use Zoned Development Land
Mixed-Use Zoned Development Land

8055 HWY 64, Oakland, TN 38060

$999,000
15.92 AC lot

Two zoning designations offer flexible development options with frontage positioned for high traffic exposure.

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Prime Commercial Land Opportunity
Prime Commercial Land Opportunity

W Interstate 40 Expressway, Jackson, TN 38301

$6,000,000
80.00 AC lot

80 acres of B-5 zoned land in Jackson, Tennessee.

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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.

1603 51
Lifestyle centers

1603 51, Covington, TN 38019

Value Estimation by Request
32,082 sqft 2.55 AC lot
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Covington, TN Shopping Centers Market Trends and Statistics

Explore 2 shopping centers for sale in Covington, TN on our real estate platform. These investment opportunities span a total of 72,554 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Shopping centers 4

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 $5.1M

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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