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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1031 Us-51 Covington, TN 38019

2,880 SF 0.5 ac lot Built 1987
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1987
Total area 2,880 SF
Lot 0.5 ac (21,780 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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