1031 Us-51 Covington, TN 38019
This exceptional mixed-use storefront property, located at 1031 US-51 in Covington, Tennessee (zip code 38019), presents a lucrative investment opportunity. The single-story building, constructed in 1987, boasts a generous 2,880 square feet situated on a half-acre lot. Ideal for a variety of businesses, the property features a brand new HVAC system, ensuring year-round comfort. Security is enhanced by a recently installed alarm system. Internal amenities include a dedicated stock storage room, a full bathroom, and a functional kitchen. Ample parking is available in the large on-site lot. The building's location on the busy Covington Highway guarantees high visibility and significant foot traffic, making it perfectly positioned for success. This is a turnkey opportunity for an entrepreneur looking to establish or expand their business in a thriving community. The asking price is $190,000. Don't miss this chance to own a piece of Covington's commercial landscape.
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.