Prime Mixed-Use Investment Opportunity | Historic Downtown Covington Maximize yield with this premier downtown landmark featuring 3 independent income streams across ~10,000 +/- Total SF. Ideal for an owner-user or value-add investor: Retail Space (~2,000 SF): High-visibility storefront, full basement storage, mezzanine office overlooking main floor, 2 baths & kitchenette. Office / Medical Space (~2,000 SF): Turnkey layout with dedicated reception area, private offices/treatment rooms & 2 baths. Luxury Penthouse (~5,000 SF): High-end 2nd-floor living space with 12-ft ceilings, exposed brick, original hardwoods & Covington Square views. Perfect for executive lease, short-term rental, or live/work setup. High foot traffic and exceptional asset diversification. Call today for details or to schedule a showing!
Details
MLS #
10226903
Listing Type
For Sale
Style
Commercial
Sub-Type
Resale
Status
Active
Year
1900
Days On Site
65
Listing Provided By
Collier REALTORS | Ken Patrick
Features
Story(s)
2
Building(s)
2
Exterior
Roof
Flat
Foundation
Full Basement
Parking
Parking Facility
Offsite/Street
Area Information
State
TN
County
Tipton
City
Covington
Zip Code
38019
Area
Tipton North
Subarea
623C
Listing VS Median (in 38019)
Price: $550,000
low | high
Med: $600,000
40.909090909091% of Average
On site: 65
low | high
Med: 33
100% of Average
Sourced by Back At You
Market Activity 38019
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Aug 2026
Sales: 2
Avg $ Per SqFt: $
Min Sale Price: $175,000
Max Sale Price: $279,900
Med Sale Price: $227,450
Date: Jul 2026
Sales: 5
Avg $ Per SqFt: $
Min Sale Price: $150,000
Max Sale Price: $349,000
Med Sale Price: $201,000
Date: Jun 2026
Sales: 10
Avg $ Per SqFt: $
Min Sale Price: $68,000
Max Sale Price: $775,000
Med Sale Price: $267,500
Date: May 2026
Sales: 7
Avg $ Per SqFt: $
Min Sale Price: $17,500
Max Sale Price: $665,000
Med Sale Price: $175,000
Date: Apr 2026
Sales: 7
Avg $ Per SqFt: $
Min Sale Price: $182,000
Max Sale Price: $1,058,000
Med Sale Price: $290,000
Date: Mar 2026
Sales: 11
Avg $ Per SqFt: $
Min Sale Price: $81,000
Max Sale Price: $540,000
Med Sale Price: $239,000
Date: Feb 2026
Sales: 9
Avg $ Per SqFt: $
Min Sale Price: $40,000
Max Sale Price: $589,900
Med Sale Price: $164,000
Date: Jan 2026
Sales: 7
Avg $ Per SqFt: $
Min Sale Price: $73,000
Max Sale Price: $331,321
Med Sale Price: $205,000
Date: Dec 2025
Sales: 6
Avg $ Per SqFt: $
Min Sale Price: $50,000
Max Sale Price: $2,270,000
Med Sale Price: $175,000
Date: Nov 2025
Sales: 7
Avg $ Per SqFt: $109.81
Min Sale Price: $165,000
Max Sale Price: $370,000
Med Sale Price: $265,000
Date: Oct 2025
Sales: 6
Avg $ Per SqFt: $158.29
Min Sale Price: $30,000
Max Sale Price: $799,900
Med Sale Price: $116,500
Date: Sep 2025
Sales: 6
Avg $ Per SqFt: $146.86
Min Sale Price: $77,500
Max Sale Price: $377,500
Med Sale Price: $252,500
Sourced by Back At You
Aug 2026
Sales:
2
Avg $ Per SqFt:
$
Min Sale Price:
$175,000
Max Sale Price:
$279,900
Med Sale Price:
$227,450
Jul 2026
Sales:
5
Avg $ Per SqFt:
$
Min Sale Price:
$150,000
Max Sale Price:
$349,000
Med Sale Price:
$201,000
Jun 2026
Sales:
10
Avg $ Per SqFt:
$
Min Sale Price:
$68,000
Max Sale Price:
$775,000
Med Sale Price:
$267,500
May 2026
Sales:
7
Avg $ Per SqFt:
$
Min Sale Price:
$17,500
Max Sale Price:
$665,000
Med Sale Price:
$175,000
Apr 2026
Sales:
7
Avg $ Per SqFt:
$
Min Sale Price:
$182,000
Max Sale Price:
$1,058,000
Med Sale Price:
$290,000
Mar 2026
Sales:
11
Avg $ Per SqFt:
$
Min Sale Price:
$81,000
Max Sale Price:
$540,000
Med Sale Price:
$239,000
Feb 2026
Sales:
9
Avg $ Per SqFt:
$
Min Sale Price:
$40,000
Max Sale Price:
$589,900
Med Sale Price:
$164,000
Jan 2026
Sales:
7
Avg $ Per SqFt:
$
Min Sale Price:
$73,000
Max Sale Price:
$331,321
Med Sale Price:
$205,000
Dec 2025
Sales:
6
Avg $ Per SqFt:
$
Min Sale Price:
$50,000
Max Sale Price:
$2,270,000
Med Sale Price:
$175,000
Nov 2025
Sales:
7
Avg $ Per SqFt:
$109.81
Min Sale Price:
$165,000
Max Sale Price:
$370,000
Med Sale Price:
$265,000
Oct 2025
Sales:
6
Avg $ Per SqFt:
$158.29
Min Sale Price:
$30,000
Max Sale Price:
$799,900
Med Sale Price:
$116,500
Sep 2025
Sales:
6
Avg $ Per SqFt:
$146.86
Min Sale Price:
$77,500
Max Sale Price:
$377,500
Med Sale Price:
$252,500
MLS Number: 10226903
Ken Patrick – (901) 219-0262 – ken@collierrealtors.com
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Memphis Area Association of Realtors.
MLS Number: 10226903
Ken Patrick – (901) 219-0262 – ken@collierrealtors.com