Property profile

115 Munford St Covington, TN 38019

OFF-MARKET
Medical Office Space
Property ID
US80-1143173
1,400 SF 0.04 ac lot Built 1938
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 115 Munford Street in Covington, Tennessee, presents a unique investment opportunity. Situated directly off the vibrant Covington town square, this building enjoys significant foot traffic from numerous city events. Currently zoned for medical use, the property offers considerable versatility and potential for a wide range of professional services. The building's prime location makes it ideal for a small business seeking high visibility and accessibility. The recent price reduction makes this an even more compelling proposition for savvy investors. While the square footage is not currently specified, the property's strategic location and zoning flexibility outweigh this detail. The building's potential is undeniable, given its proximity to the bustling town square and the diverse range of businesses that could thrive in this high-traffic area. This is a chance to acquire a well-positioned commercial space in a thriving community, offering both immediate income potential and long-term growth prospects. The property sits on a lot of zero acres, making it a compact and manageable investment. Don't miss this chance to own a piece of Covington's vibrant downtown. Serious inquiries are encouraged.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1938
Total area 1,400 SF
Lot 0.04 ac (1,674 SF)
APN 084041C A 00800
UPID US80-1143173

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office

Location

115 Munford St Covington, TN 38019-2527
Covington metro Census 40700 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2021
Last sale
$76,000
4 recorded transactions
2021
Price N/A
2018
$76,000
2018
Price N/A
2012
$25,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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