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Property profile & analytics
OFF-MARKET
Banks

107 Pleasant Ave Covington, TN 38019-2531

6,264 SF 0.34 ac lot Built 1900
Entity Owned Free & Clear
Property ID
US80-2055342
Property summary
AI-generated overview

This exceptional commercial property in Covington, Tennessee presents a rare investment opportunity. Located in the heart of the historic downtown area, this unique building offers three distinct and separately rentable spaces, maximizing income potential. The crown jewel is a stunning 5,000 square foot condo-style space situated on the upper level. Boasting 12-foot ceilings, beautiful hardwood floors, and exposed brick, this space offers breathtaking views of the courthouse. Its expansive layout provides ample room for a variety of uses. On the ground floor, a substantial 2,000+ square foot retail space is available, complete with a full basement, adding significant storage capacity. Above the retail space, a dedicated office area provides an additional income source, featuring its own kitchenette and two bathrooms. Finally, a separate 2,000+ square foot office or clinic space is also available, complete with a reception area and two bathrooms. This versatile property is ideally suited for a savvy investor seeking multiple income streams in a thriving downtown setting. The building's prime location and unique character combine to create a truly exceptional investment opportunity. The three separate spaces offer flexibility and potential for a variety of tenants, ensuring a strong return on investment. Don't miss this chance to own a piece of Covington's rich history and vibrant future. The property is listed at $795,000.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,264 SF
Lot 0.34 ac (14,632 SF)
APN 084041C M 01700
UPID US80-2055342
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
Current use
Occupant on record · Public records
  • Dr. Vincent C. Kent, MD Pediatrician Physician
  • Clinic Kent MD Medical Clinic
  • Tennken Furniture & Home Goods Home Decor Store
  • The Homemade Cooks Vocational School Training Center
  • Upscale Antiques & More Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
TIPTON COUNTY TENNESSEE
TIPTON COUNTY TENNESSEE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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