# 1602 HWY 51 S, Covington, TN 38019

> **TL;DR:** commercial, $3,500,000, built 1989. Est. $18,719/mo. Listed 143 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,500,000 |
| Year Built | 1989 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 143 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $17,698 |
| Estimated Insurance | $1,021 |
| **Total** | **$18,719** |

## Property Highlights

- Built in 1989

## Description

### AI Summary
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.

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

## Location

- **Address:** 1602 HWY 51 S, Covington, TN 38019
- **County:** Tipton
- **Coordinates:** 35.544509, -89.661354
- **Google Maps:** https://www.google.com/maps?q=35.544509,-89.661354

## Listing Agent

- **Name:** Lisa Uttz
- **Brokerage:** Midsouth Residential
- **Phone:** 9014811366
- **Broker Phone:** (901) 837-7511
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/MAARTN/10219239/?channel=propsimple)

## Photos

![1602 HWY 51 S - Photo 1](http://lh.rdcpix.com/081f6067f629fbfac21d7c0d8284e5ael-f3970192767r.jpg)

![1602 HWY 51 S - Photo 2](http://lh.rdcpix.com/081f6067f629fbfac21d7c0d8284e5ael-f2038984570r.jpg)

![1602 HWY 51 S - Photo 3](http://lh.rdcpix.com/081f6067f629fbfac21d7c0d8284e5ael-f1601211789r.jpg)

![1602 HWY 51 S - Photo 4](http://lh.rdcpix.com/081f6067f629fbfac21d7c0d8284e5ael-f1949695231r.jpg)

---

**MLS#:** 10219239 | **Updated:** 2026-05-31
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1602-hwy-51-s-covington-tn-38019-10219239)

---

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