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115 S Munford St 1,400 SF Office Building Covington, TN 38019 $150,000 ($107.14/SF) 10.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Near town square
EXECUTIVE SUMMARY
Opportunity to own an exclusive piece right off the Covington town square. This building is currently zoned for medical with the potential to be used for professional services. This would be an excellent location to start a small business with the foot traffic of numerous events held by the City of Covington's town square. Come see this wonderful property and allow the location to speak for the rest. The current lease in place at a month to month basis.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,400 SF
Building Class
C
Year Built
1938
Price
$150,000
Price Per SF
$107.14
Cap Rate
10.40%
NOI
$15,600
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,400 SF
Building FAR
0.80
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
Medical - Medical/ Office
Parking
6 Spaces (4.29 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Reception
- Storage Space
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 041C-A-008.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $33,760 |
PROPERTY TAXES
Parcel Number
041C-A-008.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$33,760
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115 S Munford St
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