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Property profile & analytics
OFF-MARKET
Medical Office Space

115 Munford St Covington, TN 38019-2527

1,400 SF 0.04 ac lot Built 1938
Individually Owned 5-yr Hold Free & Clear
Property ID
US80-1143173
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bob Jivanlal Dalsania Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Barbara Flowers Mcbride · 5 yrs held
Barbara Flowers Mcbride
since 2021
Last sale
$76,000
4 recorded transactions
2021
Price N/A
2018
$76,000
2018
Price N/A
2012
$25,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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