About This Home

With 0 bedrooms, 0 bathrooms, and no square footage provided, this commercial property offers 1.41 acres at 1602 HWY 51 S in Covington, Tennessee. Built in 1989, the property is positioned across from Walmart at a traffic light. The existing remarks identify the site as suitable for a new restaurant or other business.

No interior layout, building size, or additional improvements are provided. The property is listed at $3,500,000 and presents a commercial land and business-use opportunity along Highway 51 South. Its location in Covington places it directly across from Walmart, with access at a signalized intersection.

The listing does not specify a current business operation, residential accommodations, additional structures, or other amenities. This property may be considered for restaurant or business development based on the intended uses noted in the existing MLS remarks.

Key Features

  • Built in 1989

Property Details

1989
Listing Description

1.41 of PRIME land across from Walmart at light. Perfect spot for new restaurant or business.

Monthly Cost Estimate

$18,719/mo

20% down · 6.5% · 30 years

Principal$2,531
Interest$15,167
Insurance$1,021

Estimates only. Actual payments may vary.

Location

1602 HWY 51 S

Covington, TN 38019

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1602 HWY 51 S is listed at $3,500,000. The estimated monthly payment is $18,719 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1989.

This property is listed by Lisa Uttz and can be reached at 9014811366.

LU

Lisa Uttz

Agent at Midsouth Residential

(901) 481-1366

Listed by Midsouth Residential · Broker phone: (901) 837-7511 · View on Broker Site

MLS# 10219239· Source: Memphis Area Association of Realtors®· 117 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1602 HWY 51 S, Covington, TN 38019

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