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Property profile & analytics
OFF-MARKET
Commercial real estate

215 Hwy 51 Hwy Covington, TN 38019

Built 1975
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 215 Hwy 51 in Covington, TN, presents a compelling investment opportunity. The main building boasts six generously sized offices, all conveniently located under a single roof, and features a spacious lobby area. The property sits on a one-acre corner lot, offering excellent visibility and accessibility from the main highway. This prime location ensures high traffic volume and significant exposure for any business. Adding to its versatility, the property includes a secondary building, adequately wired and large enough to comfortably accommodate two vehicles. This secondary structure offers additional storage or workspace potential, expanding the property's overall utility. The property is being sold in "as-is" condition, allowing for creative customization and development to suit a wide range of commercial ventures. The possibilities are truly endless for this well-positioned and versatile commercial property. Its strategic location and ample space make it an ideal choice for entrepreneurs and investors seeking a strong foothold in the Covington market. The combination of the main building's office space and the secondary building's potential for storage or additional workspace provides a unique and adaptable property for a variety of commercial uses.

Property profile
Verified
Property type Commercial real estate
Year built 1975
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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