3030 Covington Pike Memphis, TN 38128
- Medical offices
- 20,252 SF
- 1.64 lot acres
Current Use by Public Records
- Dove Family Dentistry - Covington Pike / Teeth Whitening Service / Dentist
- Dr. Joseph F. Dove, DDS / Dentist
- Clinica Camellia / Walk-In Clinic / Obstetrician-Gynecologist
- Wojcik Richard P CPA / Accountant
- Drewry Jimmie D / Insurance Attorney
Property Details for 3030 Covington Pike
- Year built
- 1974
- Lot size
- 1.64 lot acres
- Property size
- 20,252 SF
- Zone code
- CMU-2
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 087-051- - -00109
- APU
- 8705100109
Description
Covington Commons - Medicos Center offers exceptional office space in a thriving Shelby County location. This Class C, two-story building totaling 20,000 square feet underwent renovations in 2018. Currently, 5,810 square feet of space is available, divisible into units as small as 310 square feet, with a maximum contiguous space of 3,880 square feet. The building features multiple tenancies and convenient elevator access. Its strategic location at a high-traffic intersection near Stage Cross Street places it amidst a vibrant mixed-use area. Benefit from the synergy of neighboring national tenants, including Home Depot, Burlington, and Walgreens, along with a variety of medical facilities, pharmacies, and restaurants. This property presents a unique opportunity for businesses seeking flexible, well-located office space in a bustling commercial environment. The building's modern amenities and prime location make it an ideal choice for medical practices, executive offices, or other professional businesses. The minimum leasable space is 310 square feet, offering flexibility for businesses of various sizes.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,600,000
- 6.5%
- $1,760,000
- 7%
- $1,735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,905,000
- Geo Method
- $2,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,980,000
- Retail
- $2,035,000
- Mixed-Use
- $1,725,000
- Hospitality
- $1,515,000
- Educational
- $1,685,000
- Residential Income
- $1,965,000
- Energy
- $1,705,000
- Income-Based Land
- $1,805,000
- Food Service
- $1,515,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.8936
- Latitude
- 35.2086
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
