Property summary
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
VerifiedCap rate & NOI
Current use
-
Dental Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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