919 Highway 51 S - Retail FOR SALE


Covington, TN 38019
$1,425,000 USD
901-273-2376
919 Highway 51 S, Covington, TN for Sale
$1,425,000 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

919 Highway 51 S
Covington, TN 38019


HIGHLIGHTS

  • Two building retail portfolio situated on 2 parcels totaling 2.13 acres
  • Significant value-add potential through lease-up and rent adjustments

OVERVIEW

NAI Saig Company is proud to present the West Side Shopping Center, a two-building retail portfolio totaling 24,950± square feet on 2.13 acres across two parcels. Currently 66% occupied, the property generates $120,768 in gross annual income, offering investors immediate cash flow with significant value-add potential. Existing tenants are on short-term and month-to-month leases at below-market rental rates, providing an opportunity to increase returns through strategic lease-up and rent adjustments. The property features dedicated, illuminated monument signage and excellent visibility in a high-traffic retail corridor, making it an attractive asset for investors, owner-users, or redevelopment opportunities.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Side Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

-

APN/PARCEL ID

041J-A-039.08

ASK ABOUT THIS PROPERTY

Jeff Higdon, SIORNAI Saig CompanyMore Info
901-273-2376

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff Higdon, SIORNAI Saig CompanyMore Info
901-273-2376

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.