1721 Tn 51 Hwy Covington, TN 38019
This exceptional turn-key medical office building presents a unique investment opportunity in Covington, Tennessee. Strategically situated on Highway 51, this property enjoys high visibility and convenient access, being approximately one mile from Baptist Tipton Hospital. The building is ideally suited for a variety of medical uses, offering immediate operational readiness. The sale includes all existing furniture and equipment, eliminating the need for significant upfront capital investment. The interior layout is well-designed and functional, featuring three bathrooms, a welcoming reception/waiting area, three examination rooms, and a spacious central area perfectly adaptable for laboratory equipment or other medical necessities. The building's functionality is further enhanced by a rear, gated parking area, ensuring ample and secure parking for patients and staff. This turnkey solution offers immediate occupancy and the potential for substantial return on investment. The property's prime location and comprehensive features make it an attractive proposition for medical professionals seeking a well-equipped and conveniently located practice. The asking price is $399,000. This is a rare opportunity to acquire a fully operational medical facility in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.