107 Pleasant Ave Covington, TN 38019-2531
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.
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Dr. Vincent C. Kent, MD Pediatrician Physician
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Clinic Kent MD Medical Clinic
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Tennken Furniture & Home Goods Home Decor Store
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The Homemade Cooks Vocational School Training Center
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Upscale Antiques & More Home Decor Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.