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31307392
31307391

955 Hwy 51 S, Covington, TN 38019 For Sale

WD
TN TN 272205, MS MS B-15586
Marcus & Millichap - Memphis
Listed by Marcus & Millichap - Memphis
Unpriced
102 days on market
Updated 11 days ago

Park Place II

Details
Property Type Land
Sub Type Residential
Broker Co-Op Yes
Acreage 146.580
Zoning Agricultural
Ownership Fee Simple

Land | 146.58 acres

Marketing description

Covington TN acreage adjacent to new residential development. This property is offered as 146 acres in 3 contiguous tracts. This property was originally intended to be future phases of the Park Place Acres residential development and is currently being utilized as row crop production. The property is located in or adjacent to the Covington TN city limits with access to city water and sewer. Property is available in part or whole. Park Place Acres is adjacent to Covington Middle School and Cobb Parr Memorial Park. Cobb Parr Memorial Park consists of a soccer field, walking trails and several baseball diamonds.

Investment highlights

Gently rolling land mostly cleared

Row Crop Production lease payments help offset property taxes.

Preliminary residential development plan available

Access from Hwy 51, Bert Johnson Rd, Walton Loop, and Narrow Ln

Listing Contacts

WD
TN TN 272205, MS MS B-15586
Marcus & Millichap - Memphis
Listed by Marcus & Millichap - Memphis

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Additional Information

Name
William Davis
License
TN 272205
Brokerage
Marcus & Millichap
Title
Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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