217 Hwy 51 HwyCovington, TN 38019

  • Retail properties
  • 7,154 SF
For Sale
$499,999 View listing

Property Details for 217 Hwy 51 Hwy

Year built
1950
Property size (Sq ft)
7,154 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional commercial property, located at 217 N Hwy 51 Hwy in Covington, Tennessee, presents a rare investment opportunity. The property encompasses a 7,154 square foot building situated on a sizable 0.36-acre lot (15,682 sq ft). Built in 1950, the single-story structure currently operates as a thriving convenience store, offering immediate income potential. The asking price is $499,999, translating to $69.89 per square foot. The property's zoning allows for diverse uses, including retail, restaurant, mixed-use development, warehouse space, or even a medical facility. Its prime location on Highway 51 ensures high visibility and accessibility, further enhanced by its proximity to College Road. This versatile property is less than 30 minutes from the Ford Blue Oval site, adding significant long-term value. The property's APN is 025N 041C A01200. This is a turnkey opportunity to acquire a profitable business and a strategically located building with significant redevelopment potential in a growing area. The property offers a blend of immediate return and future growth prospects, making it an attractive investment for discerning buyers. Serious inquiries are encouraged to explore this unique opportunity further.

217 Hwy 51 Hwy, Covington, Tennessee

Location Insight

City
Covington
County
Tipton
State
Tennessee
Latitude
35.5661
Longitude
-89.6485

FAQs

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