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Agricultural Land for Sale in Covington, Tennessee

Antioch Hwy 51 Rd, Covington, TN 38019

$6,800,000
300 acres
Active
Est $46,729/mo

Located less than half a mile from the Covington city limits, this 300+- acre tract offers a highly strategic position along Highway 51, one of West Tennessee's primary transportation corridors. With four-sided road frontage and access to key utilities--including fiber, city water, and sewage located just 1/2 mile from the property--it is well suited for future development. The site lies approximately two miles from the Covington Industrial Park, home to major employers such as Unilever, United States Cold Storage, CSC Sugar, GreenPoint AG, and NAPA Auto Parts. Nearby, Charms LLC recently announced a $97.7 million expansion, underscoring the region's strong and ongoing industrial growth. Regional infrastructure continues to evolve at a rapid pace. The planned I-69 corridor is set to run adjacent to Highway 51, with two proposed interchanges--one at the industrial park and another near Highway 59--that will further enhance accessibility. Highway 179 to the east will provide a direct link to Ford's BlueOval City, located less than 17 miles away. In addition, the property benefits from proximity to CSX rail lines and the Covington Municipal Airport, adding multimodal connectivity. Ongoing and planned developments in Covington include new housing subdivisions such as "Oak Rowe," active annexation discussions, and city-county collaboration on expanded housing and transportation networks. Highway 14, connecting Covington directly to Memphis, is on track to be fully upgraded to a four-lane divided highway by summer 2026, offering streamlined access from I-269. Further bolstering the region's prospects, Turner Construction was recently awarded $123 million for new construction and renovations at the Tennessee College of Applied Technology in Covington--an investment designed to expand and strengthen the area's skilled workforce pipeline. This property sits at the crossroads of workforce access, industrial momentum, offering long-term potential for a range of development strategies.

Location

Street address
Antioch Hwy 51 Rd
Elevation
300 feet
Coordinates
35.59, -89.6153

Directions

From Covington, Head south on Hill Rd toward Oil Mill Rd, Turn right onto Oil Mill Rd, Turn left to stay on Oil Mill Rd, Turn left to stay on Oil Mill Rd, property is on the left.

Property details

Acreage
300 acres
Zoning
Farm
Access
Public road
MLS #
REALTRACS 2980495
Posted

Property taxes

Recent
$3,800

Parcels

  • 019 00200 000

Details and features

Listing

Type
Farm
Inclusions
Land and Buildings
Possession
Close of Escrow

Lot

Terrain
Cleared, Rolling Slope
Cultivated
190 acres
Pasture
100 acres
Road Frontage
State Road
Road Surface
Concrete
Features
Cleared, Rolling Slope

Structure

Levels
Three or More
Water
Public

Property utilities

CategoryTypeStatusDescription
WaterPublicAvailable

Nearby schools

NameLevelDistrictDescription
Crestview ElementaryElementary
Crestview Middle SchoolMiddle
Covington High SchoolHigh

Listing history

DateEventPriceChangeSource
Aug 25, 2025New listing$6,800,000REALTRACS
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This 300-acre property is located at Antioch Hwy 51 Rd in Covington, TN 38019. The property is available for sale for $6,800,000 with a price per acre of $22,667.

Checked 7 mins ago — Updated

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Realtracs

Based on information submitted to the MLS GRID as of Dec 9, 2025 7:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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