For Sale
$1,350,000

2444 Covington Pike Memphis, TN 38128

Memphis Auto Shop & Storefront Investment

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a prime mixed-use property ideally suited for an auto dealership or similar business. Located at 2444-2466 Covington Pike in Memphis, Tennessee, this property boasts a highly visible location near a major intersection, ensuring significant traffic exposure. The offering includes two freestanding buildings, totaling approximately 3,159 net rentable square feet, constructed in 1979 and 1987, with significant renovations completed in 2017. Each building features offices, restrooms, and drive-in bays, perfectly designed for automotive services. The property sits on a nearly two-acre lot (1.82 acres), providing ample space for vehicle display – approximately 60 spaces are available. Two dedicated detailing bays are also included. The property benefits from a fully fenced perimeter, two convenient curb cuts for easy access, and a newer roof and HVAC system. Currently operating as a successful, owner-operated, high-end pre-owned auto dealership, this property is being offered for sale as the owner is downsizing their operations. The asking price is $1,350,000, and owner financing may be considered. Lease options are also available. The sale includes only the land and buildings

Highlights

  • Excellent location near multiple auto dealerships.
  • Two free-standing buildings.
  • Approximately 60 spaces for vehicle display.
  • Two detailing bays.
  • High-visibility corner lot.
  • Two curb cuts.

Property Details for 2444 Covington Pike

Property type
Specialty properties, Retail properties
Square Feet
3,000 SF
Year Built/Renovated
1979/2017
Buildings
2
Stories
1
Lot Size (sq. ft)
79,279 SF
Units
2

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1920238
Longitude
-89.8951452

FAQs

What type of property is this?
Specialty property - Memphis Auto Shop & Storefront Investment
Where is the specialty property located?
The property is located at 2444 Covington Pike Memphis, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Excellent location near multiple auto dealerships.; Two free-standing buildings.; Approximately 60 spaces for vehicle display.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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2444 Covington Pike
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