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3081 Covington Pike
Memphis, TN 38128
Shoney’s · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 5,762 SF freestanding restaurant on 1.2 acres
- Area retailers include Home Depot, Burlington, Marshalls, Aaron's, CVS, Walgreens, Piccadilly, AutoZone and more
- Adjacent to Captain D's and Taco Bell
- Traffic Count: Covington Pike 36,474 AADT and Stage Rd 29,667 AADT
EXECUTIVE SUMMARY
Restaurant building on the west side of Covington Pike just north of the intersection with Stage Road in the Raleigh Trade Area of Memphis, Tennessee
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,762 SF
Building Class
C
Year Built
1979
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.00 AC
Zoning
CP
Parking
70 Spaces (12.15 Spaces per 1,000 SF Leased)
Frontage
204’ on Covington Pike
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 08-7053-0-0036 | Improvements Assessment | $210,520 |
| Land Assessment | $72,960 | Total Assessment | $283,480 |
PROPERTY TAXES
Parcel Number
08-7053-0-0036
Land Assessment
$72,960
Improvements Assessment
$210,520
Total Assessment
$283,480
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